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J-REIT: Notice Concerning Acquisition and Leasing of Asset - NIPPON REIT

Dec 14, 2018
byInvestment in Japan

J-REIT>NIPPON REIT's announcementNIPPON REIT Investment Corporation ("NIPPON REIT") announces that Sojitz REIT Advisors K.K. ("SRA"), which is entrusted with managing the assets of NIPPON REIT, today decided on the following acquisition (the "Acquisition") and leasing of asset.

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Today's Pick

Dec 12, 2018
byAkane Hashimoto

Mass Resignation at State-Backed Fund Confounds Japan’s Quest for Tech Unicorns"Well summarized article."Japan to require listed companies to disclose executive pay rules"Move to better disclosure and transparancy."Japan Revokes Lucrative Package for Fund Executives"I'd like to classify this as a  governance related issue." Recent NewsBusinessSoftBank May Be Milking Its Cash Cow DryDetails of the Term of Disposal Following the Listing of the Shares of SoftBank Corp. on the Tokyo Stock Exchange (PDF)SoftBank Sells All Shares for $23 Billion Telecom IPO EconomyJapan manufacturers' mood down, bodes ill for Bank of Japan survey: Reuters Tankan Policy(BOJ)BOJ's Kuroda dismisses chance of near-term rate hike Governance/Stewardship/FiduciaryJapan’s Crusade for Corporate Overhaul Under Threat, Watchdog Says  

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Recent News

J-REIT: Notice Concerning Issuance of Investment Corporation Bonds

Dec 12, 2018
byInvestment in Japan

J-REIT>Nippon Building Fund's announcementNippon Building Fund, Inc.("NBF") hereby provides notice of its decision on December 11, 2018 to issue investmet corporationbonds.

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Recent News

Private Equity in Japan : Corporate Action

Dec 11, 2018
byInvestment in Japan

Private Equity in Japan>Cool Japan Fund's announcementCool Japan Fund is pleased to announce the investment of approximately 3 billion yen in Spiber Inc. (headquartered in Tsuruoka, Yamagata; hereafter “Spiber”), a biotech venture company launched out of the Keio University Institute for Advanced Biosciences in 2007. Spiber engages in the development and production of synthetic proteins based on engineered spider silk DNA. Funds raised from this round, in which the Cool Japan Fund was the lead investor, will be used to propel Spiber’s transition into the commercialization phase. >TOKIO MARINE CAPITAL's announcementTOKIO  MARINE  CAPITAL  CO.,  LTD.  (“TMC”)  announced  that  TMCAP2016 limited partnership, which is an investment fund managed by TMC, made an investment in Asahi House Industry Co., Ltd..    

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Recent News

Private Equity in Japan : INCJ to make investment in Axelspace Corporation Company provides integrated microsatellite services from development to data analysis and aims to build a global observation network

Dec 10, 2018
byInvestment in Japan

Private Equity in Japan>INCJ's announcementTokyo, December 7, 2018 — INCJ Ltd. (‘INCJ’) announced today its decision to make an investment of up to JPY 850 million in Axelspace Corporation (Axelspace) to be used for accelerating its business, and the completion of JPY 600 million of this phased investment. In addition, the investors in this round of financing include 31 Ventures Global Innovation Fund I (managed by Mitsui Fudosan and Global Brain Corporation), UTokyo Innovation Platform Co., Ltd, SBI Investment Co., Ltd., and the Dai-Ichi Life Insurance Company, Ltd.

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Recent News

Private Equity in Japan : JIS to Acquire Shares of Royal International Co., LTD and 8 Other Companies

Dec 07, 2018
byInvestment in Japan

Private Equity in Japan>Japan Industrial Solutions' announcementJapan Industrial Solutions Co., Ltd. is pleased to announce that Japan Industrial Solutions Fund II (hereinafter collectively referred to as “JIS”) has acquired all shares of Royal International Co., Ltd. and it’s eight other affiliate companies (hereinafter referred to as the “Target Company Group”) from the founding family through Hokkaido Natural Bio Group Co., Ltd. established by JIS.

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Today's Pick

Dec 05, 2018
byAkane Hashimoto

Japan's 'Show Me the Money' Corporate Governance: Q3 Weather Effect"This article describes the fact of Japan economy growth that are hidden by questionned governance."Japan's Line partners Mizuho, Tencent in fintech drive; shares jump"Let's prioritize how to build a long standing sharing economy, higher productivity than higher growth." EconomyJapan industrial production surges in October BusinessJapan Legal Update - Volume 42 | November 2018 Governance/Stewardship/FiduciaryGhosn’s fall exposes poor governance at NissanAbe and Japan Inc facing stormy seas  

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Recent News

J-REIT: Notice Concerning Acquisition and Disposition of Assets-Daiwa House REIT

Dec 05, 2018
byInvestment in Japan

J-REIT>Daiwa House REIT's announcement①Daiwa House REIT Investment Corporation ("DHR") announced the decision made by Daiwa House Asset Management Co., Ltd. (the "Asset Manager"), the asset manager to which DHR entrusts the management of its assets, for DHR to acquire three properties (the "Assets Scheduled for Acquisition") and dispose of one property (the "Asset Scheduled for Disposition", respectively the "Acquisition" and the "Disposition", and collectively the "Transactions"). >Daiwa House REIT's announcement②Daiwa House REIT Investment Corporation ("DHR") announced that decided to conduct debt financing.

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Recent News

Private Equity in Japan:Integral Announces Investment in Toyo Engineering Corporation

Dec 04, 2018
byInvestment in Japan

Private Equity in Japan>Integral's announcementIntegral Corporation ("Integral") is pleased to announce that Integral Team Limited Partnership and Innovation Alpha Team L.P., investment funds advised by Integral, have reached an agreement with Toyo Engineering Corporation ("TOYO"; TSE6330) on the third-party allotment of newly-issued-preferred stock of TOYO for the amount of 15 billion Japanese yen (the "Transaction").

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Noriyuki Morimoto's Blog

Keynes in 13th Century Japan

Dec 03, 2018
byNoriyuki Morimoto

One autumn night in 13th century Japan, a samurai named Aoto Fujitsuna was crossing a river when he dropped about 10 sen worth of coins. Fujitsuna summoned laborers and offered them 3 kanmon — about 1000 times worth what was dropped — to look for the coins, which one of them eventually found. Fujitsuna rewarded this man separately and said before leaving, “If the dropped money is left there, the country’s assets are lost by that amount, but the 3 kanmon paid to the laborers will circulate in society and would not be wasted.” People laughed at his idiocy of searching for the dropped coins by paying about 1000 times the loss. The laborers, excited with the unexpected gain, held a party. The man who discovered the coins boasted that it was actually a lie: he just handed over the coins he already had and pretended that he had found it. One of the laborers who were listening stood up and left, refusing to approve of the misconduct. After the incident, the news of what had actually happened eventually reached Fujitsuna. Fujitsuna found the man who fooled him and under strict surveillance, took away all his clothes and forced him to keep searching the coins. The season turned from autumn to winter, and on the 97th day from beginning the search, all coins were discovered. The righteous man who left the party was also found: he turned out to be of samurai origin but had been living as a commoner due to a certain reason. On this occasion, he was given back an official samurai position. The above is a story in Buke giri monogatari (Stories of samurai faith), which is said to have been written by Ihara Saikaku in 17th century Japan. This story features an advanced theory of capital circulation, as well as an active fiscal policy similar to that of Keynes’. Actually, a significant portion of public investments in Japan lacked clear necessity. However, apart from their direct effect or meaning, the huge amount of money put in the projects were assumed to lead to expansive reproduction of the economy. In that sense, their cause is nothing different from the logic Fujitsuna expressed. The 3 kanmon which entered the consumer economy through the party may have served to boost the economy. But the reproduction in Fujitsuna’s act was not that of capital but that of the class system supporting the rule of samurai. It is very symbolic that the samurai who had been downgraded to a laborer was assigned again to an official samurai position. In reality, the public investments in Japan were also something similar. It cannot be denied that there was certain economic effect as the result of leaving a massive public debt. However, what was the purpose of those countless roads questionable of their utility left alongside those debts? It may have been that their purpose was to protect the old-fashioned ruling system.

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Recent News

J-REIT

Nov 29, 2018
byInvestment in Japan

J-REIT>Star Asia Investment Corporation's announcementStar Asia Investment Management Co., Ltd. (the “Asset Manager”), to which Star Asia Investment Corporation (“SAR”) entrusts the management of its assets, announces today its decision to the following acquisition of an asset (Subordinated silent partnership equity interest)(the “Acquisition”). >Japan Logistics Fund's announcementMitsui & Co., Logistics Partners Ltd. (hereafter referred to as “MLP”), the asset management company of Japan Logistics Fund Inc. (hereafter referred to as “JLF”), announced today that MLP has decided to dispose an asset. >Fukuoka REIT's announcement①Fukuoka REIT Corporation (FRC) announces that Fukuoka Realty Co., Ltd, an asset management company to which the company entrusts the management of its assets, decided to acquire the following domestic real estate today. >Fukuoka REIT's announcement②Fukuoka REIT Corporation announces that it will conduct the borrowing of funds.

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Recent News

Today's Pick

Nov 28, 2018
byAkane Hashimoto

Governance/Stewardship/Fiduciary"Most articles focus on the arrest, but this case provides a lot of hints to consider better governance and the role of boards."Nissan, Olympus and fixing Japan Inc. governanceCarlos Ghosn said to deny Japanese accusations on payGhosn crisis at Nissan shows what’s wrong with AbenomicsKey players involved in auto icon’s Carlos Ghosn downfallNissan Board of Directors announces decisions >"The only official press release from Nissan" Japan PostJP Insurance seeing now as good time to add more risk EconomyThe challlenges of Japan's demography BusinessHow the lifelines of the economy feed and fuel Japan Policy(BOJ)BOJ keeps inflation, not bank pain, as its main policy priority

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