Last Update: 09/17 2019 14:20 JST

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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.

  • Japan's tourism boom entices luxury hotel operators 09.13.2019

    The luxury hotel market is booming in Japan, fueled by an influx of foreign visitors, ahead of the Tokyo Olympics next year.>>

  • Overseas tourists are changing the face of Japan 09.13.2019

    As international travelers flood into Japan, the face of Airin, a working-class district in Osaka, is changing. Airin was long known as a town of day laborers who eked out a living doing odd jobs and stayed in flop houses. But as the decades passed, the business of offering cheap daily lodging grew more precarious as the local population aged. The tourism wave is breaking in the countryside as well. Otari, a sparsely populated village in the mountains of Nagano Prefecture, is thronged in winter with foreign visitors who come for the powdery snow of Tsugaike Kogen Ski Resort.>>

  • VIP-favorite Okura Tokyo back in business with $650 average rooms 09.10.2019

    A renowned Tokyo hotel across the street from the U.S. Embassy will reopen next Thursday, September 12 after a four-year renovation, offering rooms with Japanese-inspired interior design and rates averaging about 70,000 yen [$655] a night.>>

  • WeWork's valuation plunges by more than half to $20bn 09.06.2019

    As the parent company of WeWork -- the U.S.-based provider of shared offices that Japan's SoftBank Group has wagered heavily on -- heads toward an anticipated initial public offering, its target valuation has fallen to around $20 billion, less than half where it was when it last raised funds, according to several U.S. media reports.>>

  • Fearing ghost towns, Japanese cities ban high-rise condos 08.23.2019

    Panoramic views and walking-distance commutes are just some of the advantages that have made high-rise condominiums in city centers popular among the Japanese. But Kobe sees them as potentially disruptive to city planning and will introduce a sweeping ban on such construction projects in July 2020.>>

  • Tokyo to seize Osaka's crown with Japan's tallest skyscraper 08.23.2019

    Japan's capital is set to lay claim to the country's tallest building in 2023, when developer Mori Building aims to complete a 330-m tower as part of a major redevelopment.>>

  • Yokohama to join bidding race for casino resort 08.22.2019

    The City of Yokohama will bid to host a large resort that will include a casino, the Mayor Fumiko Hayashi announced on Thursday, August 22. The Japanese government has announced a plan to build three so-called integrated resorts, with Osaka Prefecture currently the leading candidate to land one. Yokohama will be the second major city to put in a bid for a site. >>

  • Singapore's RedDoorz hotel chain raises $70m as Rakuten jumps in 08.19.2019

    RedDoorz, a Singapore-based hotel startup focused on Southeast Asia, has raised $70 million from investors, including Japanese e-commerce leader Rakuten, as it gears up to take on Indian rival Oyo, which is fast expanding in the region.>>

  • No more backroom deals, Japanese M&A hunts for best offers 08.19.2019

    Japanese companies are increasingly opting to hold merger and acquisition talks out in the open, shunning the backroom negotiations that were once the norm, as vocal investors demand deals reflecting corporate value.>>

  • Japan hotel operator looks to SoftBank fund as white knight 08.19.2019

    Japanese real estate company Unizo Holdings is in talks with SoftBank Group's Fortress Investment Group, seeking its help as a white knight to block a hostile takeover bid by travel agency H.I.S., according to people familiar with the matter.>>


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