Real Estate Japan News Summary for the Week of December 5th, 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:
Occupy Wall Street resonates within Japan (via The Japan times)
While Japan’s vernacular media has regularly reported on the Occupy Wall Street movement that has swept the United States over the past several months, coverage regarding the movement and its aims has been somewhat bland. Click here to continue reading.
The Perils of Japanese Property (via Bristlemouth)
Australian investors have been able to buy Japanese commercial property, via the ASX, since 2004. As the REIT bubble began to form, Babcock & Brown Japan hit the boards in April 2005. It was followed by Rubicon Japan in October 2006 and Galileo Japan in December of the same year. I’ve been intrigued ever since. Click here to continue reading.
GLP prices S$500m perpetual bond at 5.5%: Term sheet (via TODAYonline)
Singapore-listed Global Logistic Properties (GLP), which manages logistics facilities in China and Japan, has priced a S$500 million perpetual bond issue at a 5.50 per cent coupon, according to a term sheet seen by Dow Jones Newswires yesterday. Click here to continue reading.
The Japanese Economic Miracle (via Seeking Alpha)
While many speak of a lost decade, or even lost decades, there is really little that warrant such a description. In fact, one can make quite a convincing case for arguing that what Japan went through is nothing less than a sort of miracle. It suffered a ‘Great Depression’ type shock, without suffering anything even remotely resembling a Great Depression. Click here to continue reading.
Japan’s ‘Window Dressing’ Hid Olympus Fraud: Douglas Skinner (via Bloomberg)
The recent disclosure of a longstanding accounting fraud at Olympus Corp. (7733) has drawn fresh attention to Japan’s corporate-governance practices, and raises important concerns for investors in companies there. Click here to continue reading.
Japan insurers said not to renew Fukushima policy (via Market Watch)
A consortium of 23 Japanese property and casualty insurers has told Tokyo Electric Power Co. that it will not renew insurance expiring Jan. 15 on the utility’s Fukushima Daiichi nuclear plant, source of the nation’s worst-ever nuclear accident, sources close to the matter said Monday, the Kyodo news service reported. Click here to continue reading.
Bank of Japan Capital Ratio Sinks to Lowest Level Since 1979 (via Business Week)
The Bank of Japan’s capital ratio dropped to its lowest level since fiscal 1979 after losses on foreign currency assets and securities that the central bank took on as part of an effort to drive down long-term borrowing costs. Click here to continue reading.