Last Update: 01/21 2022 17:00 JST

Business and Economy

Selected stories from Japan's leading economic news service
This section provides selected stories from Nikkei Asia, a subscription-based English news service of Nikkei, Inc.

Japan retailers Nitori and Donki speed Southeast Asian push

Japanese furniture retailer Nitori and discount store chain Don Don Donki are expanding in Southeast Asia, offering affordable, hard-to-find quality products to win the heart of consumers here.

Japan's tallest skyscraper to include $43,000 a month apartments

Japan's tallest building under construction here by Mitsubishi Estate will include about 50 luxury apartments, marking a major shift away from devoting space to offices as the rise of telecommuting changes the face of real estate.

Hudson Yards developer Mitsui Fudosan ready to spend $6bn abroad

Japanese property developer Mitsui Fudosan is set to invest 700 billion yen [$6.2 billion] overseas within three years, among its largest such spending plans yet, to broaden its real estate portfolio in growing markets as office rentals in its home country slump.

Government to sell share of Otemachi Place for Y300bn

The Japanese government is set to sell its share of Otemachi Place, a large building complex in central Tokyo, Nikkei has learned.

Daiwa House to debut logistics business in Southeast Asia

Daiwa House Industry will launch an international logistics business in Southeast Asia, catering to the growing number of Japanese manufacturers operating in the region.

SoftBank-backed fund to acquire Japan's golf course operator Accordia

Fortress Investment Group, a SoftBank Group affiliated investment fund based in the U.S., has decided to acquire Japan's largest golf course operator for around 400 billion yen [$3.5 billion], Nikkei has learned. Accordia Golf operates about 170 golf courses in Japan. Fortress, which also operates hotels in Japan, intends to gain synergy effects by sharing customers with Accordia and thus raise its corporate value.

Is Mount Fuji dormant? Companies prepare for X-Day

The last confirmed eruption of Mount Fuji was back on Dec. 16, 1707, during the Edo period -- the largest of the 10 in Japan Meteorological Agency records going back to August 781.

Imperial Hotel Tokyo's palatial makeover unveiled

The Imperial Hotel Tokyo, a famed landmark slated to undergo a lengthy $2 billion reconstruction, revealed the new design for the main building, which will resemble a multitiered palace.

Japan's restaurants and hotels welcome life after state of emergency

As Japan slowly opens up its economy after a lengthy emergency declaration, the restaurant and tourism industries are beginning to see the light at the end of the tunnel.

Tokyo Tower to headline new retail district in Japan's capital

Opened in December 1958 as a multipurpose radio tower, the 333-meter high Tokyo Tower has stood as a landmark of the capital for over six decades. But with the taller Tokyo Skytree [634 meters] opening in 2012, taking over the role as the main broadcasting facility, Tokyo Tower is looking for a new purpose in its second life.


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