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May 14, 2024
 

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ESTATE

BUSINESS / Markets
Jan 28, 2016
Mitsubishi Estate raises ¥250 billion in biggest bond sale of year
Mitsubishi Estate Co. raised ¥250 billion in the biggest Japanese corporate bond sale so far this year and the latest jumbo offer luring yield-hungry yen fixed-income investors with riskier notes.
JAPAN
Jan 13, 2016
Tilting-condo companies slapped with malpractice penalties
Contractors of a tilting condominium in Yokohama are given business suspension orders for malpractices, according to the land ministry.
Japan Times
COMMUNITY / How-tos / HOME TRUTHS
Jan 2, 2016
Getting a high rise out of dodging taxes
About a year ago, we talked about using real estate purchases to lower inheritance and gift taxes. Obviously, people who are able to take advantage of these schemes are already well off — the average person doesn't have to worry about paying inheritance taxes when his or her parents die because for most people there aren't enough assets involved.
Japan Times
BUSINESS / YEN FOR LIVING
Dec 12, 2015
Investors see big returns as Airbnb takes off in Japan
While many see Airbnb as a possible fix for two seious problems in Japan — the shortage of hotel rooms and a steady increase in vacant buildings — others see an investment opportunity.
COMMENTARY / Japan
Dec 6, 2015
It should be home sweet home, but not in Japan
The destructive nexus between construction companies, bureaucracy and politicians is largely responsible for Japan's glut of rapidly depreciating houses.
Japan Times
COMMUNITY / How-tos / HOME TRUTHS
Dec 5, 2015
Aota-uri: 'green' condominiums to be wary of
Each year between 1990, when Japan's asset bubble burst, and the 2007 recession, about 200,000 new condominium units were added to Japan's housing stock. After 2007, the number dropped to about 100,000, but, depending on the year, anywhere from 50,000 to 70,000 of these units were built in the Tokyo Metropolitan Area. In contrast, during the same time period about 5,000 single-family houses were built in the Tokyo region every year. Condos have thus become the mainstream style for new housing in the capital region, mainly due to the higher cost of land.
JAPAN
Dec 3, 2015
Prime contractor behind leaning building ordered pilings of insufficient length
The health ministry raids a manufacturer of blood products and vaccines after a panel accused it of several violations.
BUSINESS / Companies
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.
JAPAN
Nov 30, 2015
70% of residents at tilting condo complex want entire site rebuilt
Nearly 70 percent of condo owners in the Yokohama complex with a tilting building want the entire site rebuilt, according to a survey conducted by the management association.
Japan Times
JAPAN
Nov 17, 2015
Japan piling probe to expand to entire industry as data falsification fears grow
The infrastructure ministry says it will expand its probe into data management for piling work to the entire industry, as fears of manipulation involving building foundation piles continue to grow.
Japan Times
ASIA PACIFIC
Nov 16, 2015
Philippines' Aquino pushes infrastructure projects as term in office ends
With seven months left in office, Philippine President Benigno Aquino III is taking measures to strengthen his infrastructure legacy and boost the resilience of one of Asia's fastest-growing economies.
JAPAN
Nov 13, 2015
Asahi Kasei piling scandal grows to at least 50 workers, 266 sites
The company at the center of Yokohama's tilting condominium reveals that over 50 employees falsified data on at least 266 piling projects over the past decade.
Japan Times
JAPAN
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.
BUSINESS / Companies
Nov 11, 2015
Sumitomo Mitsui Construction says it cannot estimate earnings impact of scandal
Sumitomo Mitsui Construction Co. said Wednesday it cannot estimate the impact on future earnings of a scandal that began with falsified data for pilings of a now-tilting condominium building.
EDITORIALS
Nov 11, 2015
Piling scandal needs deep probe
The probe into the piling data scandal mustn't end with individual companies and workers; instead it should dig deep into the very foundation of the construction industry and get at the real root of the problem.
JAPAN
Nov 6, 2015
Local governments expand piles probe
As the data falsification scandal involving Asahi Kasei Construction Materials Corp. continues to reverberate, municipal governments have started looking into the piling work of other firms, too.
Japan Times
COMMUNITY / How-tos / HOME TRUTHS
Oct 31, 2015
Not-so-friendly neighborhood associations
When the U.S. military took charge following Japan's surrender in 1945, one of the first things it did was ban jichikai, or community associations. The thinking was that these organizations had carried out the work of the military government at the neighborhood level and their continued existence might undermine Japan's changeover to a more representative democracy. It didn't quite work, though. As soon as the Occupation was over, jichikai returned.
JAPAN
Oct 27, 2015
Employee in building piling scandal also worked on neutrino facility
An employee of the Asahi Kasei Corp. subsidiary at the heart of a data falsification scandal also handled piling work for a neutrino experimental facility in Ibaraki, the prefectural government said Tuesday.
Japan Times
JAPAN
Oct 22, 2015
Asahi Kasei subsidiary worker linked to leaning Yokohama condo handled 41 projects over 10 years, firm reveals
An Asahi Kasei Construction Materials Corp. employee at the center of a tilting condo controversy oversaw 41 projects in nine prefectures over 10 years.
Japan Times
BUSINESS
Oct 22, 2015
Kuroda effect seen as homebuyers choose fixed-rate mortgages
Homebuyers are starting to bet that the unprecedented monetary easing of Bank of Japan Gov. Haruhiko Kuroda will cause interest rates to rise, even as inflation stagnates well below the official 2 percent inflation target.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
Three men rearrested over brokering of overseas prostitution
A woman speaks of her experience of being sent to Macau by an overseas prostitution broker during an interview in Tokyo's Shinjuku Ward on April 8.
Ex-METI bureaucrat given 10-year sentence for drugging and raping women
The Tokyo District Court on Monday sentenced a former industry ministry bureaucrat to 10 years in prison for drugging six women with sleeping pills and then raping or groping them in 2022.
Money stolen via online transfers up fivefold in Tokyo
Special fraud cases in Tokyo in which stolen money was sent via online banking services grew some fivefold from the previous year in 2023.
How the discovery of a giant sword in Nara offers clues into ancient Japan
Archaeologists say a 1,600-year-old wooden coffin at the Tomio Maruyama tumulus in the city of Nara was kept in good condition probably because it was protected by a layer of clay and copper ions that had seeped out of the mirrors that were buried together.
In a rare event, the Northern Lights show up in Hokkaido
The Northern Lights in Nayoro, Hokkaido, on Saturday
Is black the new green for Japan’s flagging tea farmers?
George Guttridge-Smith brews tea at Kyoto Obubu Tea Farm in Wazuka, Kyoto Prefecture, where he serves as head of international development.
Japan's logistics firms seek partnerships to cope with driver shortage
Japan Post CEO Tetsuya Senda (right) and his Seino Transportation counterpart Satoshi Takahashi announce their companies' agreement on joint long-haul truck operations, in Tokyo on Thursday.
How the discovery of a giant sword in Nara offers clues into ancient Japan
Archaeologists say a 1,600-year-old wooden coffin at the Tomio Maruyama tumulus in the city of Nara was kept in good condition probably because it was protected by a layer of clay and copper ions that had seeped out of the mirrors that were buried together.
Unlike 10 years ago, Japan's new security bill sparks little debate
The Lower House starts discussing a security clearance bill on April 19 in Tokyo.

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