Economy
Fukuoka is the economic center of the Kyushu region, with an economy largely focused on the service sector. Large companies headquartered in the city include Iwataya and Kyushu Electric Power. Fukuoka is also the home of many small firms playing a supportive role in the logistics, IT and high-tech manufacturing sectors. Most of the region's heavy manufacturing takes place in the nearby city of Kitakyushu.
Several regional broadcasters are based in the city, including Fukuoka Broadcasting System, Kyushu Asahi Broadcasting, Love FM, RKB Mainichi Broadcasting and Television Nishinippon Corporation.
The port of Hakata and Fukuoka Airport also make the city a key regional transportation hub. Fukuoka houses the headquarters of Kyushu Railway Company (JR Kyushu) and Nishi-Nippon Railroad. Air Next, a subsidiary of All Nippon Airways, is headquartered in Hakata-ku; prior to its dissolution, Harlequin Air was also headquartered in Hakata-ku.
Fukuoka has its own stock exchange, founded in 1949. It is one of 6 in Japan.
Read more about this topic: Fukuoka
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)