Japan once had a reputation for having a high cost of living. Previous surveys such as the one by global consulting firm Mercer, have shown that Tokyo has dropped ten spots. Currently, Tokyo holds 19th place, well behind Hong Kong (1), Singapore (2) and Shanghai (12) for the most expensive cities to live in. Despite the lower ranking, the question remains for people who want to move here: “Can I afford to live in Japan?” The answer is still “yes!” Here’s what you need to factor in to understand how much it costs to live in Japan. Calculating the Cost of Living in JapanThe cost of living measur…