In the heart of the northern Chinese city of Shijiazhuang, a fence displaying the slogan "Happy Every Day" hides an unfinished apartment complex, a daily reminder of the unresolved costs of the ... ( read original story ...)
Japan Insurers Fall After Aozora Bank Sparks US Property Concern
Japanese insurers fell on concern over their exposure to US commercial real estate, after panic selling in lender Aozora Bank Ltd. brought investor attention to risks in other companies. Dai-ichi Life ... ( read original story ...)
Japan’s Aozora Loses 33% of its Value in Two-Day Stock Meltdown
Japanese lender Aozora Bank Ltd. plunged for a second straight day after saying it would have its first loss in 15 years because of bad loans tied to US property. Most Read from BloombergDonald Trump ... ( read original story ...)
Nursing home acquisitions lift Parkway Life Reit’s H2 DPU by 2.1%
RECENT acquisitions of nursing homes lifted Parkway Life Reit’s distribution per unit (DPU) by 2.1 per cent to 7.48 cents, for the six months ended Dec 31, 2023. Read more at The Business Times. ( read original story ...)
Japan’s Aozora Bank tanks on U.S. property loan losses
Japan's Aozora Bank on Thursday flagged its first annual net loss in 15 years as it took massive loan-loss provisions for U.S. commercial property, sending its shares down more than 20%. ( read original story ...)
A $560 Billion Property Warning Hits Banks From N.Y. To Tokyo
The US commercial real estate market has been in turmoil since the onset of the Covid-19 pandemic. But New York Community Bancorp and Japan’s Aozora Bank Ltd. delivered a reminder that some lenders ... ( read original story ...)
China needs to learn lessons from 1990s Japan
The essence of their message revolved around two words: “clearing prices”. As Japan reeled from the collapse of the 1980s property bubble, US officials urged its government to inject transparency into ... ( read original story ...)
US Property Losses Trigger 20% Drop in Japanese Bank Aozora
Japan’s Aozora Bank Ltd. became the second lender in a span of hours to surprise investors with losses tied to US commercial property, sending shares down by the limit and heightening concerns about ... ( read original story ...)
US Property Losses Trigger 20% Plunge in Japanese Bank Aozora
Japan’s Aozora Bank Ltd. became the second lender in a span of hours to surprise investors with losses tied to US commercial property, sending shares down by the limit and heightening concerns about ... ( read original story ...)
Asia-Pacific residential property shines in H2 2023
The Asia-Pacific residential property market Asia-Pacific witnessed accelerated growth in H2 2023, with Singapore registering as the top-performing market with 13.7% year-on-year (YoY) growth, ... ( read original story ...)
Jin Doshirak, a new Korean and sushi restaurant, opening in Downtown Louisville
Jin Doshirak is being launched by Song Kim, who worked as a chef at Osaka Japanese Restaurant until it was damaged by a fire in September. Kim said he decided to open his own Asian restaurant Downtown ... ( read original story ...)
Hong Kong, China markets slide in the wake of Evergrande liquidation order
Investors in Asia continue to grapple with the fallout from the liquidation of Evergrande, as well as assessing Japan's unemployment numbers for December ... ( read original story ...)
Osaka’s comeback ends with her earliest Open exit
Naomi Osaka's return to the top of women's tennis has hit a speed-bump with the former world No.1 bowing out in the first round of the Australian Open for the first time. ( read original story ...)
‘With a heavy heart’: Gram Cafe and Pancakes Singapore closes VivoCity outlet, has 1-for-1 promotion
Singaporeans were elated when the famous Gram Cafe & Pancakes from Osaka announced the opening of their first store in Singapore at VivoCity. But good things don't last forever, as the cafe is ... ( read original story ...)
IMF sees scope for Asia to cut rates, urges clarity in China’s property fixes
Asian central banks may see scope to loosen monetary policy later this year as inflation moderates, the International Monetary Fund said on Wednesday and called on China to give a clear message in how ... ( read original story ...)
Property sector critical to growth
This is indeed a portentous ingredient of Japan's balance-sheet recession. Unlike Japan during its lost decades after the collapse of its property bubble, China faces its own significant structural ... ( read original story ...)