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January 22, 2025
 

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HOUSING

John Adolph holds his son, Remy, as he stays with his friends after his home in Altadena was damaged during the Eaton Fire, in Eagle Rock, California, on Friday.
WORLD
Jan 20, 2025
Displaced by wildfires, Los Angeles' residents search for a place to live
In the wake of the wildfires, rents in Los Angeles have surged, and uncertainty over insurance settlements has left some of the displaced in limbo.
The producer price index in 2024 rose 2.3% from the previous year to 122.6, against 100 for the base year of 2020, a Bank of Japan report showed Thursday. The index was up for the fourth year in a row.
BUSINESS / Economy
Jan 16, 2025
Japan's producer price index hit record high in 2024
The producer price index, which measures the costs of goods traded between companies, rose 2.3% from the previous year to 122.6.
A Ministry of Land, Infrastructure, Transport and Tourism official explains a new system for detecting vacant houses, on Dec. 23.
JAPAN
Jan 12, 2025
Government developing AI-based system to detect vacant houses
The aim of the system is to spot such properties at an early stage and make them available for sale or rent, or demolish them before they collapse.
A man pushes a cart along Hollywood Boulevard in Los Angeles
WORLD / Society
Jan 4, 2025
Ahead of Trump term, U.S. cities grapple with homelessness
The crisis worsened with the end of pandemic-related aid, and are driven by a lack of affordable housing, as well as inflation and low wages.
Tokyo has the highest price-to-income ratio for high-rise condominiums in the country, at 17.78 times.
BUSINESS / Economy
Dec 12, 2024
New Japanese condos now cost 10 times average salary, study shows
Wages are not keeping up with rising costs, resulting in developers focusing on the higher end of the market.
A 40-year-old house in the city of Fukuoka that has been renovated by Katitas, a company that buys up secondhand houses for resale. The company retained the house's original wooden ceilings and window frames to preserve the property's vintage look.
JAPAN / Regional Voices: Kyushu
Dec 9, 2024
As demand rises for abandoned houses, so do cases of hidden defects
Industry experts recommend prospective buyers conduct thorough inspections before concluding transactions for akiya.
A residential area of Tokyo. Rising prices has made it difficult for the child-rearing generation to secure large houses in the capital.
JAPAN / Society
Dec 7, 2024
Tokyo government considering fund for housing support
The planned fund will provide necessary financial aid for private businesses to develop affordable housing.
Elliott Investment Management's stake in Tokyo Gas is centered around getting the utility to sell off its real estate holdings, including Shinjuku Park Tower, which houses the Park Hyatt Hotel Tokyo.
BUSINESS / Companies
Nov 28, 2024
Real estate worth ¥25 trillion puts Japan companies in spotlight
The hidden value of property on corporate balance sheets is a theme behind some of the biggest activist campaigns and mergers and acquisitions in Japan.
Masaaki Iene (left) watches as an architect from a local support center checks the level of damage at his house in Suzu, Ishikawa Prefecture, on Oct. 15 to see whether previous assessments carried out by local government officials were appropriate.
JAPAN / Society
Nov 4, 2024
Noto quake-hit areas question home damage assessments
Many have noted inconsistencies in assessments and discrepancies between the results and the actual situations.
High construction costs due to rising material and labor costs continue to push up sales prices of new condominiums.
BUSINESS / Economy
Oct 22, 2024
Tokyo-area condo price hits new high in first half of fiscal 2024
The average price in the area, which includes Tokyo, Saitama, Kanagawa and Chiba, rose 1.5% from ¥78.36 million a year earlier.
A condo complex in Tokyo
JAPAN
Oct 19, 2024
Japan's land ministry eyes bill to prevent overpriced condo repairs
The ministry plans to impose supervisory penalties on companies that are found to be in violation of the rules.
A customer shops for tomatoes at the vegetable section of a supermarket in Beijing on Thursday.
BUSINESS / Economy
Oct 18, 2024
China's third-quarter GDP hits weakest pace since early 2023
Authorities have sharply ramped up policy stimulus, but markets are waiting for a clearer road map to put the economy back on a solid longer-term footing.
The average price of new condos in Tokyo's 23 wards in the first half of this year stayed over ¥100 million and a notable wave of price increases was observed in urban areas surrounding Tokyo.
BUSINESS
Oct 7, 2024
Tokyo area condo prices remain sky-high
The average price of new condos in central Tokyo's densely populated 23 wards stood at ¥108.55 million in the first half of this year.
Factory activity in China contracted for a fourth straight month in August, with subindexes showing deepening deflationary pressures.
BUSINESS / Economy
Sep 2, 2024
China faces calls for stimulus as growth engines stall amid property woes
Factory activity contracted for a fourth month in August, with subindexes showing deflationary pressures and latest sales figures showing a worsening residential slump.
High-rise buildings under construction in Tokyo in November last year
JAPAN
Aug 24, 2024
Japan looks to expand preferential measures for Flat 35 home loans
The measures to lower interest rates for those who acquire energy-efficient or earthquake-resistant houses are currently applied only to newly made loan contracts.
Above part of the photo shows an empty land lot in the city of Kobe and the bottom part shows it was turned into an temporary evacuation area.
JAPAN / Society
Aug 15, 2024
Land ministry to support empty land utilization
The ministry plans to seek the necessary funds under the government's fiscal 2025 budget.
Homes surrounded by floodwaters in Steinhatchee, Florida, after Hurricane Debby made landfall on Aug. 5.
ENVIRONMENT / Climate change
Aug 10, 2024
Clashing risk predictions cast doubt on black box climate models
Insurers and investors are using private modeling tools to make risk assessments, but they have major inconsistencies.
Japan's personal mortgages are set to rise for the first time in a generation following the Bank of Japan's rate hike.
BUSINESS / Economy
Aug 1, 2024
Japan’s ultralow mortgages to see first increase in 17 years
Mitsubishi UFJ Financial Group said it plans to increase the short-term prime rate for the first time in 17 years in September.
Demolition work underway in areas around the Asaichi-dori morning market in Wajima, Ishikawa Prefecture, on Saturday
JAPAN
Jul 2, 2024
Only 4% of publicly funded demolitions in Ishikawa complete
Requests have been filed for over 20,000 residential buildings damaged by the Jan. 1 quake.
Masayoshi Tani on June 12 visits his house in the Fukami district of Wajima, Ishikawa Prefecture, which was destroyed and isolated by the Jan. 1 earthquake.
JAPAN / Society
Jul 1, 2024
Temporary housing brings relief to Noto quake survivors, but fears remain
The uncertainty of whether they can return to their original homes and rebuild takes a toll on survivors, many of whom who are elderly and living on pensions.
Trump pledges to save U.S. from 'decline,' vowing new 'golden age'
U.S. President Donald Trump signs executive orders in the Oval Office of the White House in Washington on Monday.
Cedar pollen is already in the air in Tokyo
Climate change and urbanization are believed to have contributed to the earliest ever observation of cedar pollen in Tokyo, on Jan. 8, an expert says.
What went wrong at Fuji TV's news conference on allegations against Nakai?
Fuji TV President Koichi Minato speaks at a news conference on Friday in Tokyo.
BOJ likely to raise rates this week in absence of immediate Trump tariffs
Bank of Japan Gov. Kazuo Ueda is still signaling caution ahead of the central bank's January meeting.
Survey finds 80% of people want to take leftover restaurant food home
52.0% of people questioned in a survey said they want to use containers to take leftovers home if they are provided free of charge, and 28.8% showed willingness to use takeout containers whether they are free or not.
'America first' returns as Trump ditches focus on allies and rules-based order
U.S. President Donald Trump reviews troops during his inauguration ceremony at the Capitol in Washington on Monday.
Japan looks to learn from the past with bid to build Australian warships
The Maritime Self-Defense Force's Mogami frigate, of the class of the same name, is anchored at the MSDF's naval base in the city of Yokosuka, Kanagawa Prefecture, in September 2022.
Amid rising world hunger, a Japan-inspired group in Kenya is making a big impact
Wawira Njiru, the founder of Food4Education, serves food during the opening of a new kitchen in Mombasa County, Kenya, in 2022. The organization started in 2012 by feeding 25 children out of a single kitchen. Now it feeds nearly half a million every day.
From Tokyo to Manhattan, Takuma Watanabe stirs up a stiff drink
It's taken Takuma Watanabe little time to establish himself as one of New York's hottest bartenders.
For tourists in search of seasonal sights, Yamagata makes its case
For some time away from Tokyo's suffocating urban sameness, Yamagata Prefecture is home to a soothing array of natural abundance.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Atsuyoshi Koike, the president and CEO of Rapidus, says there is a “sense of urgency” when it comes to Japan’s efforts in manufacturing semiconductors. “We have to make sure we are successful,” he says.
Atsuyoshi Koike’s big game: Fourth down and 2 nanometers to go
By Kazuaki Nagata and Richard Meyer

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