OGAKI, Japan, Nov 7 (Reuters) – While rival banks sit on
their deposits, frustrating government efforts to reflate
Japan’s stagnant economy, regional banker Takashi Tsuchiya will
write you a loan to close your business or end your marriage.
The portly boss of Ogaki Kyoritsu Bank (OKB) in the
central Gifu prefecture, who deploys an infectious giggle as
liberally as he disburses loans, sees opportunities in borrowers
that most of Japan’s reluctant regional lenders would dismiss as
TOKYO, Sept 22 (Reuters) – Fortress Investment Group
is prioritising investments in hotels in Japan, a senior
executive said on Monday, as the U.S. asset manager seeks to
cash in on a government drive to boost tourism ahead of the 2020
Akio Yamashita, managing director for Fortress Investment
Group (Japan) GK, told Reuters the firm expects hotels to
generate the highest returns among its various property assets
because far more tourists are expected to visit Japan than there
are places for them to stay.
TOKYO (Reuters) – Land prices in Japan’s three largest metropolitan areas rose in the 12 months to July 1, driven by investments in office properties and housing demand, but prices in most smaller cities kept falling, a government survey showed.
Commercial land prices for metropolitan areas surrounding Tokyo, Osaka and Nagoya rose 1.7 percent in the year to July 1, a much faster pace than the previous year’s 0.6 percent gain, according to the Ministry of Land, Infrastructure, Transport and Tourism.
TOKYO/SINGAPORE, Aug 25 (Reuters) – Singapore’s sovereign
wealth fund is in talks to buy a Tokyo office tower for about
170 billion yen ($1.6 billion), three people with knowledge of
the deal said, in what would be Japan’s biggest property
transaction since the financial crisis.
Singapore’s GIC Pte, which already has a large
presence in Japan’s property market, outbid the asset management
unit of Goldman Sachs Group Inc, which also participated
in the final bid for the property, which was put up for sale by
Secured Capital, part of Asian private equity firm PAG.
TOKYO, Aug 14 (Reuters) – Japanese property developer Mori
Trust Co is in final talks to buy a complex of buildings in
Tokyo from U.S. buyout firm Lone Star for more than 100 billion
yen (about $1 billion), five people with knowledge of the matter
The deal, which could close as early as next week, came
about after Singapore sovereign wealth fund GIC Pte Ltd
backed out earlier this year due to a legal dispute over the
ownership of the property, the Meguro Gajoen complex.
TOKYO (Reuters) – A Goldman Sachs Group Inc unit is a final bidder for a Tokyo office tower in a deal that could fetch about 165 billion yen ($1.6 billion), said people familiar with the deal, which could be the biggest office property deal in six years.
Secured Capital, part of Asian private equity firm PAG, is trying to sell the 32-storey Pacific Century Place Marunouchi, in a prime spot near the Tokyo railway station. It bought the property for about 144 billion yen in 2009.
TOKYO, Aug 7 (Reuters) – Japan’s Orix Corp and New
York investors Angelo Gordon & Co are seeking around $390
million for their stake in a well-known Tokyo office building as
the property market in Japan’s biggest cities heats up.
A property arm of the Japanese financial company and the
U.S. alternative investment firm hope to get about 40 billion
yen for the 80 percent stake they bought in the 26-storey
Kioicho Building in central Tokyo in March 2012, said three
people with direct knowledge of the deal.
TOKYO, July 25 (Reuters) – Japan will in October invite bids
for the operating rights for a major international airport, an
official said on Friday, in a deal expected to be among the
biggest in Prime Minister Shinzo Abe’s drive to draw private
funds into public infrastructure.
The licence for New Kansai International Airport, which will
be bundled with the operating rights for smaller Osaka
International Airport, should fetch at least 2 trillion yen ($20
billion), Keiichi Ando, the chief executive of the
government-owned New Kansai International Airport Co, told
HAVANA/TOKYO (Reuters) – Cuba is allowing some of its best baseball players to take their skills to Japan and make good money instead of risking their lives at sea with human traffickers in pursuit of Major League Baseball dreams.
The bright lights of the U.S. big leagues do still draw Cuban prospects to speedboats in order to escape the communist-run island – one player just left the island and six others were excluded from the national team for trying.
TOKYO, July 1 (Reuters) – Japan has opened the bidding for
rights to operate facilities at Sendai Airport, the nation’s
10th busiest, the first step of Prime Minister Shinzo Abe’s
drive to increase private investment in public infrastructure as
he tackles bloated government debt.
Both foreign and domestic bidders will be eligible to vie
for rights to operate the airport’s runways and hangar
facilities for up to 65 years, Japan’s Ministry of Land,
Infrastructure, Transport and Tourism said in a website posting
dated June 27.