Category Archives: BUSINESS

Apartment prices along Tokyo’s Chiyoda Line in 2019

The southern half of the Chiyoda Subway Line runs through some of the most expensive real estate in Tokyo, including Harajuku, Omotesando, Akasaka, and the Otemachi/Marunouchi business district.

According to Tokyo Kantei, the average price of a second-hand apartment alongside this train line was approximately 929,000 Yen/sqm in 2019, showing no change from last year. The average apartment size was 57.82 sqm and the average building age was 23.7 years.

The most expensive station was Omotesando where the average apartment price in 2019 was 1,555,000 Yen/sqm. The average apartment size of 77.0 sqm (829 sq.ft) was the largest of all stations, while the average building age was 21.3 years.

Apartment prices in Omotesando have increased by 5.3% from 2018 and are up 69.4% from 2013. This fashionable district has seen the highest growth in apartment prices. Other stations have seen prices increase by 35 ~ 40% between 2013 and 2019.

Source: Tokyo Kantei, November 12, 2019.

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Tokyo second-hand apartment sale prices increase for 9th month in a row

Total second-hand apartment sales in the Tokyo metropolitan area dropped 6.5% from last year to 1,421 units in October. This was the first year-on-year decrease seen since February.

According to REINS, the average sale price was 716,700 Yen/sqm, up 1.4% from the previous month and up 5.9% from last year. This is the 9th month in a row to see a year-on-year increase.

The average apartment size was 61.51 sqm and the average building age was 20.52 years.

New listings for the month dropped 5.5% from last year. The average size of an apartment listed for sale was 52.49 sqm and the average building age was 25.83 years.

In central Tokyo’s 3 wards of Chiyoda, Chuo, and Minato, 164 apartments were reported to have sold, down 0.6% from last year. The average sale price was 71,820,000 Yen, up 7.9% from the previous month and up 10.9% from last year. The average price per square meter was 1,168,900 Yen, down 2.7% from the previous month but up 2.3% from last year. The average apartment size was 61.44 sqm and the average building age was 15.91 years.

Source: REINS, November 11, 2019.

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Best Banks for Opening an Account in Japan: A Comparison Guide

Source: Japan Cheapo

Here’s all you need to know about opening a bank account in Japan and a detailed comparison of fees and services available with the most popular banks.
Jump to:

Opening a bank account
Closing a bank account
Overview of Japan banks
Fees and services comparison
ATM withdrawal fees
ATM transfer fees
Fees for receiving money from overseas
Fees for sending money overseas
Online banking services and fees

1. General requirements for opening a bank account in Japan
While you can’t open an account if you are on a 90-day tourist visa, foreigners that are here on other visa types, like work or student visa, are eligible to open an account with most banks. Generally, you would open a futsu yokin, the Japanese term for a general deposit acco

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140m tall apartment tower planned for Shirokane

Tokyu Land Corporation has been chosen to lead the Shirokane 1 Chome North-Central Redevelopment Project. This will see a 140-meter tall, 900-unit apartment tower built on the western side of Shirokane AER City.

Construction is tentatively scheduled to start in 2021 with completion by 2025. It will be similar in height to Shirokane Tower, which is 141.9 meters tall with 42 floors and 581 apartments.

The project is a few blocks away from the 156-meter tall, 1,247-unit Shirokane The Sky condominium which is due for completion in late 2022. Further away, Daiwa House is in the process of building a 135-meter tall, 280-unit condominium on the south-eastern side of Shirokane AER City, with completion due by early 2023.

Within a few years, the area around Shirokane-Takanawa Station will have over 3,000 apartments in high-rise towers.

Source: The Kensetsu Tsushin Shimbun, October 31, 2019.

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Shinzo Abe’s unfinished political legacy

Japan's Prime Minister Shinzo Abe speaks at the ASEAN-Japan Summit in Bangkok, Thailand, 4 November, 2019 (Photo: Reuters/ Zeya Tun).

Author: John Nilsson-Wright, Cambridge University and Chatham House

Under the premiership of Prime Minister Shinzo Abe, Japan appears to have found its feet as a regional and global actor. By providing political stability and policy continuity at home, Abe’s governing Liberal Democratic Party (LDP), along with its Komeito ally, have secured the support of a Japanese electorate that values economic prosperity, is risk averse when it comes to foreign policy and has shown little confidence in Japan’s fractured opposition parties.

 

But does this record of success at the ballot box amount to proof of leadership ability? When it comes to diplomatic engagement and energy, few can match the hyperactivity of this peripatetic premier. Abe’s willingness to travel the globe to establish Japan’s credentials as a ‘proactive contributor to peace’ has given Japan an uncommon visibility and a sustained presence that has enabled him to establish a personal rapport with other national leaders.

On security policy, Abe’s credentials as a pragmatic realist are impressive. He has presided over a much needed increase in the country’s military capabilities and overseen the expansion of Japan’s strategic options beyond its traditional reliance on the United States.

By advancing a new vision of a ‘free and open Indo-Pacific’, Abe has shown an appetite to engage in the difficult process of laying out a long-term foreign policy plan that reflects Japan’s national interests. Recent efforts to improve ties with China such as Abe’s visit to Beijing last October and next year’s anticipated visit to Japan by President Xi Jinping also reflect Abe’s tactical pragmatism. By hedging, the government is shrewdly avoiding excessive dependence on the United States and anticipating the dangers associated with a more confident and regionally assertive China.

There are limits to what this inherently rational and forward-looking approach can deliver. The spread of populist politics, the re-emergence of …continue reading