Japanese cities are some of the most expensive in the world to live in, with a new report ranking Tokyo and Osaka, as the two most costly cities.

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The Economist Intelligence Unit worldwide cost of living index 2013 placed Norway's capital, Oslo fourth after Sydney, reports The Age.

The report said it is a familiar position for the Japanese capital, which has been the world's most expensive city for all bar a handful of the last 20 years.

Oslo was closely followed by Melbourne, Singapore, Zurich, Paris, Caracas and Geneva.

World's top 10 most expensive cities:

1. Japan, Tokyo

2. Japan, Osaka

3. Australia, Sydney

4. Norway, Oslo

5. Australia, Melbourne

6. Singapore, Singapore

7. Switzerland, Zurich

8. France, Paris

9. Venezuela, Caracas

10. Switzerland, Geneva