Japan Market Outlook

We are happy to present our clients and readers with a new format of our outlook on the Japanese economy and real estate market from December 1st onwards. We will be able to enhance the professional content of our publication through a starting economic statement on the Japanese economy, on the development on the capital markets, the interest and foreign exchange markets and political initiatives. Mr Edgar Walk, Chief Economist of Metzler Asset Management of Bankhaus Metzler, Frankfurt will contribute this part to our “Japan Market Outlook”.

With Bankhaus Metzler we have won an independent and experienced partner for our Japan publications. We highly appreciate this support. In Bankhaus Metzler we count on a partner with a long and successful capital market presence in Japan. Based on established business and personal contacts in Japan as well as in Germany the view and research will provide a well balanced analysis of the economic conditions. The author, Mr. Edgar Walk, who is living in Frankfurt today, has enjoyed many years of professional and personal experience in and with Japan, will contribute to our effort to balance between the inside and the outside view when looking on Japan.

The Japan Market Outlook will be published on a quarterly basis reflecting the economic and real estate results and data of the previous quarter end. View Japan Market Outlook

  • Kenzo Capital Corporation was established to carry out the business of real estate investment advisory services, real estate fund management and real estate asset management in Japan.
  • The company will specifically cater to the investment needs of European core investors.
  • Kenzo will bridge between local real estate business practises and international investment needs.

Tokyo Office Market Update – October 2011

    1. Latest Economic Brief

      • The Q4 2009 GDP figures released on February 15, 2010 showed a growth of 1.1% q-o-q or 4.6% on an annualized basis. The Japanese economy thereby confirmed the recovery with a third consecutive quarter of real growth. continue »

News, Events and Media

  1. 2012-01-18

    Japanese banks identified as potential source of alternative liquidity

    Kenzo

    Nikkei reported that Mitsui Sumitomo Banking Corp (SMBC), together with its leasing subsidiary and Sumitomo Corporation, one of the major Japanese trading company, has agreed with Royal bank of Scotland (RBS) to take over the aviation financing business of RBS at approximately JPY 550 bio (approximately Euro 5.5 bio). This will bring the aviation business of SMBC and Sumitomo Corporation to No.4 of the global league table.
    Nikkei says major Japanese banks are anticipated to be the source of alternative liquidity to replace those of the European banks. According to a senior executive of SMBC, that the bank has been offered an aggregate amount of Yen 7 trillion (Euro 70 bio) worth of loan assets from European banks since April 2011, out of which they have selectively purchased Yen 100 bio (Euro 1 bio). Other Japanese banks have received similar loan portfolio sale offers.

  2. 2011-12-27

    World No 2 and 3 Economies agree on a Currency Pact: Japan and China agree on the preference of their own currencies for the internal trade.

    Ganbaro Nippon

    According to NHK Japan’s Prime Minister, Mr Noda, and Chinese Prime Minister, Mr Wen, agreed on the use of each others currency for trade between both countries. So far the use of US$ has been by far the dominate why of payment. They further agreed using a fund of the foreign reserve to strengthen the economic cooperation between Japan and China including government bond investments. Japan and China will apply regulations for Japanese companies to buy Chinese bonds next year.

  3. 2011-12-16

    Fukushima Daiichi Nuclear Power Station have achieved a cold shutdown condition.

    Ganbaro Nippon

    Announcement by the Government of Japan that the reactors at Fukushima Daiichi Nuclear Power Station have achieved a ‘cold shutdown condition’ and are in a stable state, and that the release of radioactive materials is under control.

    The International Atomic Energy Agency (IAEA) Director General Yukiya Amano: “The IAEA welcomes the announcement by the Government of Japan that the reactors at Fukushima Daiichi Nuclear Power Station have achieved a ‘cold shutdown condition’ and are in a stable state, and that the release of radioactive materials is under control.”

    Five weeks after the earthquake and tsunami wrecked the Fukushima Daiichi nuclear plant, TEPCO, the energy firm in charge of the facility announced a roadmap for recovery.

    The plan envisaged two phases:

    Phase 1: “Radiation dose in steady decline”, to be achieved within three months,
    Phase 2: “Release of radioactive material under control and radiation dose being significantly held down”, to be achieved within the following six months.

    IAEA “Overall TEPCO and the Japanese Government have made significant progress and have completed the second step of the TEPCO’s roadmap by the end of the year as they had planned.”

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