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Japan’s Economy Grows 0.4% in Q4!
Japan’s economy grows by 0.4% in Q4, per revised government data. Private capital investment drove the growth, maintaining the annual GDP rate at 1.9%. However, weak consumer spending persists amid subdued wage growth and inflation, raising questions about future monetary policy adjustments.
Housing Japan Introduces Investment Sales Division – your real estate partner for Tokyo’s luxury market!
Housing Japan, renowned for luxury real estate in Tokyo, introduces its Investment Sales Division, catering to investors, sellers, and landlords. This expansion offers a comprehensive package, including top-tier properties, sales aid, and property management. It’s a one-stop solution for clients worldwide.
Buffett boosts his Japanese trading house holdings to around 9%
Warren Buffett’s Berkshire Hathaway raised its stake in Japan’s top five trading firms to about 9%, as revealed in its annual report. The company had previously held 7-8% stakes in Mitsubishi, Itochu, Mitsui & Co., Sumitomo, and Marubeni. Berkshire aims for long-term holdings, initially announced in 2020, with plans to increase to 9.9%. In February 2024, Berkshire reported paying ¥1.6 trillion ($10.63 billion) for the stakes, valued at ¥2.9 trillion by 2023-end, translating to unrealized gains of 61% or $8 billion.
Japan’s Tokyu Land to Sell Shibuya Tower Office Space for $673M
Developer Tokyu Land Corporation plans to sell a stake in Tokyo office floors for over JPY 100 billion ($673 million). Despite concerns about increased supply, office rents in Tokyo are rising. Tokyu Fudosan, the parent company, will sell a 49 percent interest in 25 floors of Shibuya Sakura Stage to undisclosed investors.
Certification System Proposed for Elderly Monitoring in Rental Housing
Japan plans to introduce a certification system for rental housing equipped with monitoring services for elderly tenants. This initiative aims to address concerns about seniors living alone, ensuring their safety and facilitating access to essential services. The proposal includes certifying service providers and debt guarantee companies to support vulnerable renters.
Security Tightened for Land Use Near U.S. Military Bases in Japan
Japan has expanded security scrutiny, adding six U.S. military facilities, including Hiro Ammunition Depot and Itazuki Air Base, to a list of 180 sites subject to increased regulation under a 2021 law. Aimed at enhancing security, the law requires detailed registration for property transactions within a half-mile of designated sites, allowing the government to investigate owners and halt activities posing a threat.