SoftBank offers to invest up to $40 bil. in Indonesia's new capital
Kyodo -- Jan 18
Japan's SoftBank Group Corp. has offered to invest between $30 billion and $40 billion in the development of the new Indonesian capital on Borneo Island, a close aide of President Joko "Jokowi" Widodo said Friday.

In a meeting last week with Jokowi, SoftBank Chief Executive Officer Masayoshi Son expressed interest in participating in the development of the yet-to-be-named capital and bringing the newest technology and "a lot of artificial intelligence" to the new smart city.

"The financing structure to develop the new capital is now still being finalized, (but) I will meet Masayoshi again in Davos and later in Tokyo," Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan told a press conference.

The new capital will be located between the East Kalimantan provincial capital of Samarinda and Balikpapan, its largest city, located some 90 kilometers to the south. Both are situated near the east coast of the world's third-largest island.

News source: Kyodo
Mar 28
The Japanese government will create a special system to provide a one-year grace period for companies to pay tax and social insurance premiums due to the spread of the coronavirus, the Nikkei has learned. (Nikkei)
Mar 28
Supermarkets and convenience stores decided Thursday to stay open as usual in the coming days, after a request by Tokyo Gov. Yuriko Koike’s for residents in the capital not to leave home over the weekend. (Japan Times)
Mar 28
Mask prices in Tokyo’s densely populated 23 wards jumped 11.3 percent in March from a year before, reflecting supply shortages stemming from the spread of COVID-19, government data showed Friday. (Japan Times)
Mar 28
The parent of Japanese airline All Nippon Airways is looking into a roughly 100 billion yen ($920 million) syndicated loan from seven lenders as the carrier fortifies its balance sheet to cope with the drop-off in air travel demand. (Nikkei)
Mar 26
A day after the 2020 Tokyo Summer Olympic and Paralympic Games were postponed by a year, Tokyo's landmark Imperial Hotel began arrangements to release the several hundred rooms it had withheld for organizers of the games during the July-September period. (Nikkei)
Mar 26
The $6 billion that just walked out the door with the postponement of the 2020 Olympics is only the start of the hits Japan's economy will sustain this year. (Nikkei)
Mar 25
Some Japanese hotels saw March and April bookings drop as much as 90% year on year amid the new coronavirus outbreak, according to a survey conducted by the land ministry, as the tourism industry continues to teeter. (Nikkei)
Mar 25
"Everybody needs a coach," stressed Bill Gates in the opening of a recent TED Talk. (newsonjapan.com)
Mar 23
Hit hard by the coronavirus outbreak, Japan's economy faces its biggest challenge in more than a decade, with analysts warning of a technical recession and even the worse if this summer's Tokyo Olympics is cancelled. (Japan Today)
Mar 23
Investors are growing increasingly skittish about the stability of Masayoshi Son’s empire. (Japan Times)