Business and Economy
Dai-ichi Life targets 30% cut in portfolio CO2 emissions by 2025
Dai-ichi Life Insurance will aim to reduce carbon dioxide emissions from its investment portfolio by 30% by 2025, a potentially trend-setting step by one of Japan's top institutional investors. ≫
Japan entices global funds hungry for pandemic spinoffs
Hong Kong- and Sweden-based private equity funds have begun preparing to make investments in Japan, joining the growing ranks of foreign players looking to purchase businesses unloaded by companies squeezed by the pandemic. ≫
Tokyo's Imperial Hotel repurposes luxury rooms as rentals
The Imperial Hotel Tokyo will convert 99 guest rooms into full-service rental apartments, offering meal and laundry options with dedicated staff as vacancy rates remain high from the pandemic. ≫
Ad agency Dentsu weighs sale of Tokyo HQ in $3bn megadeal
Advertising agency Dentsu Group will consider selling its headquarters in central Tokyo in a deal possibly worth around 300 billion yen [$2.9 billion], which would mark one of the largest property sales ever in Japan. ≫
Japan developers go green at Tokyo office buildings
Big Japanese developers have begun ramping up plans to switch to renewable energy at office buildings, jumping on board the country's emissions-cutting drive while also looking to attract eco-conscious tenants. ≫
Blackstone hires former Shinzo Abe adviser in Japan push
U.S. private equity investor Blackstone Group says it has hired one of former Japanese Prime Minister Shinzo Abe's top policy advisers to help guide the company's expansion in Japan. ≫
Investor PAG hunts for billion-dollar private equity deals in Japan
Hong Kong-based investment firm PAG looks to build up its private equity portfolio in Japan through deals worth hundreds of millions to a few billion dollars each, as Japanese companies increasingly divest noncore operations. ≫
