Mitsuru Obe
Staff Writer and Journalist at Nikkei Asia
@NikkeiAsia journalist; former @WSJ 日本経済新聞 編集委員
Articles
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1 week ago |
asia.nikkei.com | Mitsuru Obe
TOKYO -- Eisaku Ito has had an eventful first two weeks on the job as president and chief executive of Japanese industrial conglomerate Mitsubishi Heavy Industries. The global upheaval caused by U.S. President Donald Trump's high tariffs and reversals of long-standing foreign policy stances carries echoes of 1989, which Ito, then just two years into his career at MHI, spent studying gas turbines at the Massachusetts Institute of Technology.
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1 week ago |
asia.nikkei.com | Mitsuru Obe
TOKYO -- The Japanese government set up a task force on Friday to deal with the new tariffs announced by the U.S. that have sent political and economic shock waves through the country. The group is headed by Economic and Fiscal Policy Minister Ryosei Akazawa and Chief Cabinet Secretary Yoshimasa Hayashi. Akazawa, who was appointed lead trade negotiator with the U.S., will visit Washington next week and is expected to hold talks with Treasury Secretary Scott Bessent.
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2 weeks ago |
asia.nikkei.com | Mitsuru Obe
OSAKA -- Over the last two years, Hironori Momose has watched the reshaping of Osaka's skyline from his office overlooking the north end of the city's main train station. A former rail yard is now home to skyscraper offices and condominiums. At the far side of the station, new towers house high-end department stores and hotels including Japan's first Waldorf Astoria.
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1 month ago |
asia.nikkei.com | Mitsuru Obe
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1 month ago |
asia.nikkei.com | Mitsuru Obe
TOKYO -- Bank of Japan Gov. Kazuo Ueda on Wednesday left open the option for a rate hike on May 1, mentioning the risk of an upward swing in inflation and vowing to "avoid falling behind the curve."During a news conference following a two-day monetary policy meeting that ended with the board deciding to keep the uncollateralized overnight call rate unchanged at 0.5%, Ueda signaled his biggest concern is the global economy, particularly reciprocal tariffs.
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Tourism and property investment have been the main driver of Osaka's recovery. What will come next? M&As and corporate governance reforms may be the next catalyst.
Osaka is the epicenter of a property investment boom. Expo 2025 and the upcoming MGM Osaka resort are adding to the momentum, but Japan’s “second city” needs to interest foreign investors in other sectors, reports @mit_obe https://t.co/w0hbBT8Mb9
Globalization is very much alive in Osaka, despite everything that's happening in the world.
Osaka has outpaced Tokyo in terms of foreign investment as a share of property market inflows as the city's share of Japan's real estate deals has climbed from 10% to 25% over last decade, reports @mit_obe https://t.co/w0hbBT8Mb9 https://t.co/zZBKpQp9Qw
Foreign investors account for a much higher share of real estate transactions in Osaka than in Tokyo. Why does this matter? Because how they invest often sets the tone for the broader market. https://t.co/R1cT1Eyew8 via @NikkeiAsia https://t.co/nV1hicUSyA
