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
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.
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.
TOKYO, April 6 (Reuters) – The state-linked Cool Japan Fund,
comprised mostly of taxpayers’ money, on Monday said it will
invest about 260 million yen ($2.18 million) in a company that
plans to operate upmarket green tea cafes in the United States.
The fund will own 49.9 percent of Green Tea World USA Inc
which aims to open its first cafe this year in California, Cool
Japan Fund Managing Director Masayuki Suzuki said at a news
TOKYO (Reuters) – U.S.-based property investment fund Aetos Capital Real Estate is preparing to sell Simplex Investment Advisors, a Japanese real estate asset management firm, seeking as much as 200 billion yen ($1.7 billion), people with knowledge of the deal said.
Aetos, which has hired Mitsubishi UFJ Morgan Stanley as a sale adviser, has sounded out investment funds including U.S. property investor Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz) and Hong Kong-based investment fund PAG, the people said.
TOKYO, March 18 (Reuters) – Japan’s commercial land prices
ended a six-year drop last year as easy money drove investment,
but prices outside the biggest cities continued their two-decade
slide, government data showed.
Nationwide prices were flat on average, recovering from a
decline of 0.5 percent in 2013 and ending a downtrend that has
continued since 2008, according to the annual survey by the
Ministry of Land, Infrastructure, Transport and Tourism.
TOKYO, March 13 (Reuters) – A real estate arm of a Japanese
media group Fuji Media Holdings edged out a fund run by Morgan
Stanley and others to buy a hotel holding company from a
Japanese government-controlled fund, people involved in the sale
The sale of the company with portfolio of 10 hotels for
about 5 billion yen ($41.2 million) comes at a time when
competition to buy hotels in Japan has been intensifying and
drawing interest from offshore investors because of increasing
demand from tourists.
TOKYO (Reuters) – After building an artificial island off Osaka to host a gleaming, new airport in 1994, officials discovered it was sinking into the sea.
More than 20 years later, the high-stakes deal to privatize Kansai International Airport could be at risk of a similar fate, an embarrassing setback in Prime Minister Shinzo Abe’s drive to attract investments and cut its massive debt.
TOKYO, Feb 17 (Reuters) – The world’s best restaurant moved
to the world’s gourmet capital for five weeks and 2,800 diners
in Tokyo made good use of it.
Rene Redzepi, chef and co-owner of the Danish eatery Noma,
temporarily moved the Michelin-starred restaurant and its staff
to the 37th floor of a five-star hotel in Japan’s capital.
TOKYO, Feb 12 (Reuters) – China’s sovereign wealth fund
China Investment Corp (CIC) provided most of the
capital for a more than $1 billion purchase of Tokyo’s landmark
property Meguro Gajoen from Mori Trust Co, in China’s largest
investment in Japanese property, advisers said.
Earlier this week, LaSalle Investment Management, a property
investment manager, said a fund it arranged bought Meguro Gajoen
with money from a sovereign wealth fund, which it declined to
TOKYO, Feb 10 (Reuters) – Japan has extended by three months
the first-round bidding deadline for a multi-billion dollar
concession to run the Kansai international airport, responding
to concerns over the deal from potential bidders.
New Kansai International Airport Co, a state-owned company
that now runs the airport, said on Tuesday the deadline had been
extended to May 22 from Feb. 16, to assuage concerns over
profitability and risk held by companies that are considering
bidding for the licence.