Junko's Feed
Jul 1, 2015

Japan’s priciest land plot hits 22-yr high even as national prices slip

TOKYO, July 1 (Reuters) – Japan’s priciest plot of land hit
a 22-year high even as nationwide prices notched a seven-year
slide, widening the divide between major cities and the outlying
regions, a government survey showed on Wednesday.

A block in Tokyo’s Ginza district containing the posh
Kyukyodo stationery shop rose 14 percent last year to 27 million
yen a square metre ($21,000 a square foot), the highest for any
plot in Japan since 1993, the survey by the National Tax Agency
showed.

Jun 5, 2015

Trip Tips: Japan hotels offer tight space for a tight budget

TOKYO, June 5 (Reuters) – With Japan’s tourist numbers and
hotel prices on the rise thanks to a weaker yen, developers are
getting creative with a new niche line in stylish but cheap
accommodation in bunks, cabins and pods of all shapes and sizes.

Even a tiny double room in a hotel with limited service can
set you back 30,000 yen ($240) a night in central Tokyo these
days. But if you look a little more, you can bed down in comfort
for a mere fraction of that.

Jun 2, 2015

PAG close to selling Daimler Japan properties in $800 mln deal-sources

TOKYO, June 2 (Reuters) – Hong Kong-based investment firm
PAG is in the final stages of selling for at least 100 billion
yen ($800 million) properties it bought from Daimler AG’s
Japanese truck business, people with knowledge of the
matter said.

The deal to sell the Mitsubishi Fuso Truck and Bus Corp
properties is expected to be finalised in the next few weeks,
the people said, without giving any details on the prospective
buyers. The sources declined to be identified due to the
confidentiality of the process.

May 26, 2015

Cerberus, Bain sell stakes in Japanese companies as market soars

TOKYO, May 26 (Reuters) – U.S. buyout funds Bain Capital and
Cerberus Capital Management sold big stakes in two Japanese
companies as the stock market surges – taking profits and
avoiding an expected bout of volatility if the U.S. Federal
Reserve raises rate later in the year, investors said.

The buyout specialists’ sales came as the market
capitalization of shares listed on the Tokyo Stock Exchange’s
main board hit a record high last week, surpassing the previous
peak hit in December 1989, as Prime Minister Shinzo Abe deployed
pro-growth economic policies to boost investor sentiment.

May 22, 2015

Orix only confirmed bidder for Kansai airport rights after more drop out

TOKYO, May 22 (Reuters) – Orix Corp and partner
Vinci SA are the only firms to have placed a confirmed bid for
$18 billion rights to run Japan’s Kansai International Airport
after people involved in the process said four additional
companies including Mitsubishi Corp had dropped out.

A tepid showing for the marquee project on the last day of
bidding may bode ill for Prime Minister Shinzo Abe’s effort to
involve private companies in major infrastructure projects.

May 20, 2015

Japan bidders tepid about Kansai airport, casting doubt on Abe asset sales

TOKYO, May 20 (Reuters) – Days before the sale of Kansai
International Airport closes, just one Japanese company has
pledged to bid, casting doubt on a marquee project in Prime
Minister Shinzo Abe’s effort to involve private companies in
major infrastructure projects.

The 10-month initial bidding for the rights to run Japan’s
fifth-busiest airport is meant to start a wave of public-private
partnerships to attract investment to Japan, chip away at the
government’s massive debt and introduce more market rigour to
infrastructure management.

May 13, 2015

Blackstone, PAG eyeing bids for Japan’s Simplex in deal seen worth $1.25 bln -sources

TOKYO, May 13 (Reuters) – Blackstone Group, Hong
Kong-based investor PAG and Japanese property firm Hulic Co
are among potential bidders for property asset manager
Simplex Investment Advisors in a deal that could fetch around
150 billion yen ($1.25 billion), people with knowledge of the
matter said.

U.S.-based property investment fund Aetos Capital Real
Estate has put Simplex up for sale, the people told Reuters,
with a first bidding round to close by the end of this month.

Apr 27, 2015

Applied Materials scraps Tokyo Electron takeover on U.S. anti-trust concerns

TOKYO, April 27 (Reuters) – U.S. firm Applied Materials Inc
on Monday scrapped its $10 billion planned takeover of
chip-making gear rival Tokyo Electron Ltd after the
deal, a rare foreign bid for a Japanese firm, ran afoul of U.S.
anti-trust regulators

The all-share purchase would have combined two of the
world’s largest makers of the equipment that makes semiconductor
chips into a firm with a market value over $38.5 billion.

Apr 21, 2015

World Chefs: Narisawa serves up sake to enhance local ingredients, dishes

TOKYO, April 21 (Reuters) – Chef Yoshihiro Narisawa, the
owner of Narisawa, serves sake with his dishes because he
believes the finest local ingredients go well with the local
alcoholic drink.

Narisawa, ranked among the top restaurants in the world and
considered Tokyo’s finest French eatery, serves more than 60
types of sake with the dishes on its menu.

Apr 17, 2015

Apa Group plans to build Japan’s biggest hotel by 2020 Olympics

TOKYO (Reuters) – Apa Group aims to capitalize on an boom in visitors to Japan by building the country’s biggest hotel in time for the Tokyo 2020 Olympic Games, the chief executive of the nationwide hotel chain said.

The unlisted operator of mid-priced accommodation plans to open a 2,400 room hotel in the port city of Yokohama, some 40 km (25 miles) south of a capital city experiencing an upsurge in room rates after a 29 percent jump in tourists last year.