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Business and Economy

Selected stories from Japan's leading economic news service

This section provides selected stories from Nikkei Asian Review, a subscription-based English news service of Nikkei, Inc. Please click on the above logo to find more details.

  • World's casino giants bet big on the golden Japanese market 06.22.2018

    Foreign casino operators are salivating over the prospect of finally winning access to the world's third-biggest economy. They estimate that the Japanese casino market could be worth 1.75 trillion yen [$15.8 billion] a year when resorts are opened in three cities, surpassing Nevada's $11.1 billion.>>

  • Robot hotel operator H.I.S. aims for 100 locations by 2021 06.19.2018

    Japan's H.I.S. plans to have 100 hotels in operation within three years, the company best known for its travel agencies has said recently. H.I.S., which runs the Henn na ("strange") Hotel chain, where robots perform most of reception and cleaning work, is shifting more of its focus to the profitable hotel business amid fierce competition in its main hotel and flight-booking operations. >>

  • Kajima offers 4% returns with private REIT 06.19.2018

    Kajima will debut a private real estate investment trust Wednesday, June 20, hoping to start with a portfolio of 25 billion yen [$226 million] drawn from institutional investors seeking higher returns.>>

  • Japan's lower house passes bill to set up casino resorts 06.19.2018

    Japan’s lower house of parliament on Tuesday passed a bill on measures to set up so-called integrated resorts, including casinos. The legislation next goes to the upper house for deliberation, with the government hoping to get it passed in the current session.>>

  • Japan's home-sharing landscape takes shape with new law 06.19.2018

    Japan's long-anticipated home-sharing act went into effect on June 15, creating new business opportunities and headaches for operators. In addition to a 180-day annual cap for renting out rooms, the new law requires hosts to confirm the identity of their guests and maintain a guest registry. >>

  • Airbnb pins Japan cancellation chaos on 'adjustment period' 06.15.2018

    Mass cancellations of Airbnb bookings in Japan ahead of new legislation are the result of an "adjustment period," the home-sharing platform's co-founder said on Thursday, suggesting this is simply a bump in the road.>>

  • Airbnb executive 'puzzled' by Japan's demand to cancel bookings 06.15.2018

    Home-sharing company Airbnb expressed discomfort over the Japanese government's request that the company cancel existing bookings for premises that have yet to be officially registered.>>

  • Japan's Airbnb refugees are desperate for alternatives 06.15.2018

    Some tourists on their way to Japan have begun looking for alternative lodgings now that their Airbnb bookings have been canceled. Last week, the home-sharing pioneer pulled the listings of its Japan hosts who have yet to complete a registration process and acquire licenses under a new law that takes effect on Friday. The ensuing confusion may accelerate when other home-sharing platforms follow suit; it could also dent Japan's high-flying tourism industry. >>

  • Obayashi to build $273m skyscraper in Bangkok 06.08.2018

    Japanese general contractor Obayashi plans to build a 30 billion yen [$273 million] skyscraper in Bangkok, part of a new push into the Southeast Asian property development market. The 29-story building is to be completed by 2021 in the Thai capital's busy Khlong Toei district. >>

  • Home-sharing operators in Japan tighten ship ahead of new law 06.08.2018

    Two home-sharing giants made moves on Monday, June 4 to meet a new law coming into effect on June 15 that simplifies the registration process for hosts to rent out their properties in Japan.>>


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