TOKYO, Feb 4 (Reuters) – Mitsubishi Corp said on
Wednesday it had become cautious about bidding for a licence to
operate a major international airport in Japan due to the
“challenging” list of conditions set by the government.
The trading firm was one of nine Japanese companies the
government had shortlisted in December to bid for the concession
to run Kansai International Airport. The government expects to
raise at least $17 billion from selling the licence and the
first round of bidding will close on Feb. 16.
OSAKA, Japan (Reuters) – An economic rebound and loose money policy under Prime Minister Shinzo Abe briefly halted a long slide in Japan’s commercial property market, but the benefits of “Abenomics” appear increasingly limited to Tokyo, leaving a moribund hinterland.
For a while, as the Bank of Japan printed money and Abe spent it, commercial property investment, a barometer of economic activity, spilled beyond the capital into the country’s larger regional cities.
TOKYO, Dec 26 (Reuters) – New Kansai International Airport
Co said on Friday it shortlisted 20 bidders for a
multi-billion-dollar concession to run Japan’s fifth-busiest
passenger airport for 44 years.
They include Australia’s Macquarie Group’s
Macquarie Capital Group, Singapore’s Changi Airports
International, and Global Infrastructure Management, which
operates London’s Gatwick Airport, it said.
TOKYO, Dec 8 (Reuters) – “Cool Japan Fund”, financed mostly
by Japan’s government to promote Japanese culture overseas, will
invest as much as 2 billion yen ($16.51 million) in a ramen
noodle restaurant chain to set up premium outlets in Europe and
the United States.
Cool Japan Fund will inject 700 million yen into the
Fukuoka-based Chikaranomoto Holdings, which runs Ippudo ramen
restaurants in Japan and overseas including New York, London,
Sydney, Singapore and Seoul.
TOKYO (Reuters) – Mitsubishi Estate (8802.T: Quote, Profile, Research, Stock Buzz), Japan’s leading developer, and ANA Holdings (9202.T: Quote, Profile, Research, Stock Buzz), Japan’s largest carrier, have teamed up to bid for rights to operate facilities at Sendai Airport in northern Japan, sources with direct knowledge of the matter said.
Japan earlier this year opened bidding for the right to manage the airport’s runways and hangar facilities, as the nation tries to increase private investment in public infrastructure to cut its debt.
Tokyo (Reuters) – Blackstone Group LP, the world’s largest private equity investor in real estate, said it will buy residential assets in Japan from General Electric Co (GE)’s property unit in a deal worth more than 190 billion yen ($1.6 billion), Japan’s largest property deal this year.
Blackstone will buy more than 10,000 apartment units in 200 properties in Japan’s largest cities including Tokyo, Osaka and Nagoya, the buyout fund said in a statement.
SAPPORO Japan (Reuters) – Shohei Otani has made waves in Japan by throwing strikes and smashing home runs for the Nippon Ham Fighters, but the ‘Double Sworded Samurai’ may have to give up one of his weapons if he is to realize his dream of making it big in Major League Baseball.
In his second season with the Fighters, the lanky right hander won a team-best 11 games with two shutouts, throwing 160 kph (100mph) fastballs and recording a 2.61 earned run average.
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.