Hokkaido Toyako Summit
Venues
Ever since the opening of the port, Yokohama has been supporting the economic development of Japan as a trading nation by serving as a base for distribution and manufacturing.
The value of foreign trade handled by the Port of Yokohama in 2005 totaled 10,497,200 million yen, an 8.6% share of the national total, making Yokohama Japan's fourth largest port following Narita Airport, the Port of Nagoya and the Port of Tokyo.
From old times, Yokohama has been an important center in the Keihin Industrial Zone, which extends along the shores of Tokyo Bay and comprises one of Japan's representative production bases. In recent years, in keeping with the trend towards economic globalization, enterprises in the zone have been undergoing a functional shift away from high-volume production and towards pioneering the world's highest-level cutting-edge technology, product development-style factories, research institutes, etc.
Yokohama City is promoting the nurturing and gathering of advanced industries such as information technology, biotechnology, etc., while striving actively to attract enterprises into the Minato-Mirai 21 Zone and the Shin-Yokohama central area, where it is steadily accumulating business functions including the headquarters of large companies, beginning with Nissan Motor.
In particular, Yokohama boasts the second-highest number of headquarters of foreign capital enterprises in Japan, following the 23 wards of Tokyo, with 180 companies as of February 2007.
Incidentally, the city's GDP in 2004 was 12,938,700 million yen and the average income of its citizens is 3,110,000 yen.