Real estate firm plans Airbnb rentals amid tourism boom

Business Jul 28, 2016

Real estate firm plans Airbnb rentals amid tourism boom

Star Mica Co., a Tokyo-listed real-estate company founded by an ex-Goldman Sachs Group Inc. banker, plans to double returns from apartments, using Airbnb to house foreign tourists. The company owns about 2,500 apartments mostly in Tokyo, and is considering renting some of them to overseas ...

In quake-prone Japan, Kumamoto temblors stir worry of 'Tokyo X Day'

National Apr 29, 2016

In quake-prone Japan, Kumamoto temblors stir worry of 'Tokyo X Day'

There's nothing comical about this manga: office building windows shatter, trains derail and cars plunge from buckling bridges. It all happens at 4:35 p.m. on a day dubbed "Tokyo's X Day." This catastrophic scenario is depicted in a 300-page book on earthquake preparedness published by ...

Business Sep 29, 2015

Japan's cheap debt, aging population prompt ex-banker to shift focus

Saburo Nishiura is using Japan's record-low borrowing costs to turn the nation's shrinking population to his advantage. The 67-year-old former banker is the chief executive officer of Hulic Co., a developer with a concentration of commercial properties in Tokyo's expensive Ginza district. But the company ...

Tokyo building boom causes debt fatigue as Sumitomo yields rise

Business / Corporate Aug 18, 2015

Tokyo building boom causes debt fatigue as Sumitomo yields rise

Sumitomo Realty & Development Co. is forecasting a third-straight year of record operating income as "Abenomics," the name give to Prime Minister Shinzo Abe's economic policies, spurs a property market boom. That doesn't mean investors have unlimited appetite for its debt. The nation's third-largest developer ...

Salarymen sidelined as Chinese descend on Japan property market

Business Jul 3, 2015

Salarymen sidelined as Chinese descend on Japan property market

The trend has already hit Sydney, Vancouver and the U.S. Now it's happening in Japan: busloads of real estate buyers from China are coming in, buying up homes and pushing prices higher. Realty agencies in Beijing are organizing twice-monthly tours to Tokyo and Osaka, where ...