Real Estate Japan News Summary for the Week of November 28th, 2011
Editor’s Note: Real Estate Japan K.K. does not endorse the views expressed in any of the articles and the opinions expressed are solely those of the authors and publications included below. The links below are purely for informational purposes only.
This is a weekly news summary taken from Real Estate Japan’s Twitter feed. If you’d like to see these articles as they go online throughout the week, follow us on Twitter at “Real Estate Nihon”.
Let’s get started:
Japan economy faces ‘severe situation,’ warns BOJ chief (via Japan Today)
Bank of Japan governor Masaaki Shirakawa warned Monday that the country would continue to face a “severe situation” as Europe’s debt crisis and a strong yen weigh on its post-quake economic recovery. Click here to continue reading.
Getting Smart in the Suburbs of Tokyo (via The New York times)
Introducing plans for Japan’s first smart city to be built “from scratch” in May could not have been better timed for Panasonic, the driving force behind the project to build an eco-savvy town in a Tokyo suburb by 2013. Click here to continue reading.
The Japan-China Parallel: Is The Hot Money Already Running From China? (via ETF Daily News)
There are many obstacles along the way before China rules the economic world, and one of them is what we have dubbed “The Japanese Parallel.” This would be a game-changer, one with major implications for all global asset markets, especially currencies. Click here to continue reading.
‘Japanization’ needn’t be an economic curse word (via Japan Today)
Europeans dread it. Americans suspect they already have it and hang their heads in dismay. The image on the cover of The Economist depicting Barack Obama and Angela Merkel in Japanese attire haunts positively everyone. Clearly, Japanization is now everyone’s worst nightmare. Click here to continue reading.
Tokyo to require companies to stockpile for major earthquake (via The Telegraph)
The government of Tokyo is to require companies and organizations in the city to stockpile food, water, blankets and other emergency supplies to be ready for the major quake that is expected to strike the city in the next two decades. Click here to continue reading.
Itochu Joins KKR in Samson Buyout (via The Wall Street Journal);
Kohlberg, Kravis Roberts & Co. is making headlines with its $7.2 billion leveraged buyout of Samson Investment Co., one of the largest closely held oil and gas explorers in the U.S. But the deal, announced Wednesday, also involves a huge outbound investment by a Japanese company. Click here to continue reading.
Ayala Land, Mitsubishi form energy-saving joint venture (via GMA News)
Property giant Ayala Land Inc. and Japan’s Mitsubishi Corp. are now partners in the business of energy efficiency, using the joint venture Philippine Integrated Energy Solutions Inc. (PhilEnergy) as a vehicle for the partnership. The 60/40 joint venture is majority owned by Ayala Land, with Mitsubishi providing technical support through its affiliated energy-saving operations in Japan and around Asia. Click here to continue reading.
Private capital targets Tokyo property post-quake (via Reuters)
Tokyo’s property market has made a surprisingly rapid recovery from the shock of the quake-induced disasters in March. Although the market has been a perennial laggard in recent years, it now looks set to provide stable growth as other markets slip, investors say. Click here to continue reading.
Nomura in talks to sell real estate arm (via Reuters)
Nomura Holdings Inc has started talks to sell domestic businesses including its real estate arm, the Financial Times reported, as Japan’s top brokerage rushes to beef up cash in an ailing stock market. Click here to continue reading.
Japan’s Shimizu wins $259 mln contract for Singapore development (via Reuters)
Japan’s construction firm Shimizu Corporation has been awarded a S$338.2 million ($259.3 million) contract for the development of a Singapore property by Capitol Investment Holdings, it said on Tuesday. Click here to continue reading.
Land price falls ease in Oct. as impact of March disaster weakens (via The Mainichi Daily News)
Land prices fell in fewer locations in Japan in October in comparison with three months earlier as the impact of the March 11 disaster on the real estate market has begun to subside, according to a quarterly government survey released Tuesday. Click here to continue reading.
Ritz-Carlton to Build Third Japanese Property in Kyoto (via Haute Living)
Ritz-Carlton will open its third hotel in Japan, in the ancient capital city of Kyoto. The hotel will be completed and ready to open in spring 2014 on the demolished site of Hotel Fujita Kyoto, which closed earlier this year. Click here to continue reading.