News On Japan

Singapore is Japan's top property investor in 2023: report

TOKYO, Sep 25 (Business Times) - Singapore became the biggest investor in Japan's real estate sector this year, lured by the yen's weakness and growing demand in logistics and hospitality industries, according to Knight Frank.

Inflows from the city-state totalled almost US$3 billion so far in 2023, followed by investors from the US, Canada, and the United Arab Emirates, according to a report published this month.

Singapore's sovereign wealth fund GIC’s purchase of six warehouses in Japan from Blackstone for US$800 million contributed significantly to that, said Christine Li, Knight Frank’s head of Asia-Pacific research, in the report. ...continue reading

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Lime, the world’s largest electric scooter-sharing service, has announced a collaboration with a major insurance company to pursue a full-scale entry into the Japanese market.

A man was arrested in Higashi-Osaka for allegedly abducting three girls, one of whom has died, with around 80 empty medicine shells discovered in his home.

Prince Hisahito, the eldest son of Japan's Crown Prince and Crown Princess Akishino, turned 18 on September 6, officially becoming an adult member of the Imperial family.

The Ariake Urban Sports Park, which will open next month at the former Tokyo Olympic skateboarding site, was previewed Thursday ahead of its official opening on October 12.

The total cash earnings received by workers in Japan increased by 3.6% in July compared to last year, marking the second consecutive month of positive growth in real wages after adjusting for inflation.

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The Fukuoka Prefectural Labor Bureau under the Ministry of Health, Labor and Welfare announced a 51-yen increase in the minimum wage for Fukuoka Prefecture, bringing the hourly wage to 992 yen, marking the largest increase to date.

The shortage of rice is causing prices to increase, and this is affecting packaged rice products, which are known for their long shelf life.

Sources say Japanese retail giant Seven & i Holdings has decided it cannot accept a takeover bid from a Canadian firm at this point, as the buyout price is too low to match its corporate value. (NHK)

The total cash earnings received by workers in Japan increased by 3.6% in July compared to last year, marking the second consecutive month of positive growth in real wages after adjusting for inflation.

Buying a home is often considered the biggest purchase of one’s life. A mortgage is essential, with the standard repayment period being 35 years. However, Keiyo Bank has caused a stir by becoming the first regional bank in the Tokyo metropolitan area to introduce a 50-year mortgage plan.

The increase in inbound tourists has led to growing financial burdens for Japan’s credit card industry. When cards issued overseas are used at domestic stores, Japanese companies must pay fees to foreign issuers, resulting in annual losses estimated to reach 30 billion yen.

Japan's Minister of Land, Infrastructure, Transport and Tourism Saito has expressed his intention to establish a new organization for public-private collaboration in ridesharing aimed at resolving the issue of 'transportation gaps,' areas where securing transportation options is challenging.

Japan's healthcare costs exceeded 47 trillion yen ($323 billion) last fiscal year, marking the third consecutive year of record spending, according to a summary by the Ministry of Health, Labour and Welfare.