Mercari Inc. priced its initial public offering at the top of the range to sell 130.5 billion yen ($1.2 billion) worth of shares, a valuation that’s set to make its 40-year-old founder a billionaire. The online marketplace plans to sell 43.5 million ... ( read original story ...)
Japan Mercari’s IPO to raise $1.2 billion after top-of-range pricing
TOKYO (Reuters) - Flea market app operator Mercari Inc (4385.T) priced its initial public offering (IPO) at the top of an indicative range on Monday, in Japan’s biggest IPO so far this year that is raising up to 130.7 billion yen (0.89 billion pounds). ( read original story ...)
Tokyo a busier real estate market than New York and London: JLL
Property investment volumes in Tokyo stood at USD9.1 billion in the three months to March, making it the world’s most traded market above New York City and London, JLL reported. The latest figures see New York City playing runner-up to the Japanese ... ( read original story ...)
Japan’s Mercari prices IPO at top of range that will raise $1.2 billion
TOKYO (Reuters) - Flea market app operator Mercari Inc (4385.T) priced its initial public offering (IPO) at the top of an indicative range on Monday, a regulatory filing showed, in Japan’s biggest IPO so far this year that is raising 130.7 billion yen ($ ... ( read original story ...)
Japan’s Airbnb refugees are desperate for alternatives
TOKYO -- Some tourists on their way to Japan have begun looking for alternative lodgings now that their Airbnb bookings have been canceled. Last week, the home-sharing pioneer pulled the listings of its Japan hosts who have yet to complete a registration ... ( read original story ...)
Profits and pitfalls — taking over a Japanese company
Starting around 2000, many Japanese companies have adopted meritocracy-based promotion over traditional seniority-based. Combined, it means that life time employment increasingly loses its allure for workers. In fact, a recent Nikkei survey finds that a ... ( read original story ...)
Nikkei rises but gains limited before U.S.: North Korea summit
Japanese stocks rose on Monday but gains were limited as investors focused on the U.S.-North Korea summit, while Tokyo Electric soared as the outcome of a local election was seen to be positive for one of the utility’s nuclear power plants. The Nikkei ... ( read original story ...)
Light earthquake: M4.5 quake has struck near Kushiro in Japan
A light earthquake magnitude 4.5 (ml/mb) has occurred on Saturday, 49 kilometers (30 miles) from Kushiro in Japan. The earthquake was roughly at a depth of 63.45 km (39 miles). Exact location of event, depth 63.45 km, 144.3008° East, 42.5367° North. ( read original story ...)
Japan core machinery orders rebound, signal capex recovery intact
TOKYO (Reuters) - Japan’s core machinery orders in April jumped the most since the start of 2016, reversing the prior month’s decline and raising some hopes for durable growth in capital expenditure seen as crucial for a recovery in the economy after a ... ( read original story ...)
Tokyo looks to entice foreign tourists to spend, enjoy nightlife
Businesses in Tokyo are looking to get foreign visitors spending their time and cash on the city's wide-ranging nightlife options. Travel agencies are arranging special events for foreign tourists such as Japanese taiko drum performances, while hotels are ... ( read original story ...)
Airbnb took a big hit in Japan that left thousands of travelers with no lodging
But a new amendment to Japan's Hotels and Inns Act (passed in 1947) now requires anyone participating in a home-sharing (like the sort offered via Airbnb) to register their property and include a license number in their listing before June 15. That's all ... ( read original story ...)
In Mahathir’s Malaysia, Japan is back amid doubts over Chinese funding
“With the comeback of Tun Dr Mahathir, I’m sure our industries will be very delighted to think positively of their engagement with Malaysia and its industries,” Makio Miyagawa, Japanese Ambassador to Malaysia told state news agency Bernama. ( read original story ...)
State visit gives boost to Vietnam-Japan relations
On the back of the strengthened relationship and commitments between Vietnam and Japan, as well as Vietnam’s rising demand for investment, firms from both countries are fast-tracking their business and investment ties. Japanese firms continue to invest ... ( read original story ...)
Sunrays Hitting The Road Can Generate Power. Tokyo Shows How
The Tokyo metropolitan government intends to take the initiative in introducing the new technologies of "solar roads" that collect energy from the sun via solar panels installed beneath the surface of roads and "power-generating floors" that generate ... ( read original story ...)
Japan Plans To Release Tons Of Radioactive Waste Into The Pacific Ocean
Interviewed by Japan News Agency, an unnamed official declared that “in order to advance the decommissioning, the number of tanks should be decreased at an early date”. Since 2011, the devastated Fukushima nuclear plant has been leaking small amounts ... ( read original story ...)
Deadly stabbing on Japan bullet train
a local police spokesman told AFP news agency. Mr Kojima told police he had picked victims at random and had been armed with "multiple bladed objects" on the train, Japanese broadcaster NHK reports. Witnesses said passengers were in tears as they attempted ... ( read original story ...)