Nov 30, 2015

Nippon Life plans Japan's largest REIT as investors crave yields

Nippon Life Insurance Co., which is seeking to gather about ¥300 billion ($2.4 billion) for what would be Japan’s largest private real estate investment trust, is targeting returns of 4 percent as yields on government bonds languish near zero. Nippon Life Realty Management Inc. ...

Nov 28, 2015

Major piling firms fabricated data, industry group says

Six Japanese piling firms, in addition to Asahi Kasei Construction Materials Corp., fabricated data in 22 building projects in the last five years, an industry group reported on Friday. The six firms — including the industry’s two largest, Mitani Sekisan Co. and Japan Pile ...

Prime contractor for tilting Yokohama condo makes first public apology

Nov 12, 2015

Prime contractor for tilting Yokohama condo makes first public apology

The vice president of Sumitomo Mitsui Construction, the prime contractor for the tilting condominium building in Yokohama, has apologized over the incident — the first such acknowledgment of regret by the company since the scandal broke mid-October. “We deeply apologize for causing troubles and ...