Airbnb in Japan: Local Governments Slap Strict Restrictions on Rentals

By Jeff Wynkoop In June 2018, the new national law authorizing Airbnb-style letting of private rooms in homes (the so-called Minpaku Law) will come into force. Currently there are two options for running a minpaku legally: (1) a minpaku can... More

Tokyo Property Prices Compared to Other Global Cities: Growth Ranking

Compared to most other major Asian cities, Tokyo residential property prices have risen only modestly this year, according to a recent survey by the Japan Real Estate Institute (JREI). In JREI’s 9th International Real Estate Price and Rent Index survey,... More

North Korea Has Fired an Unidentified Ballistic Missile: No J-Alert Issued

South Korea’s Yonhap News Agency has quoted the country’s military as saying that North Korea fired an unidentified ballistic missile early Wednesday morning (Japan Standard Time). Yonhap says the missile was launched from South Pyongan Province in the western part... More

Living in Japan

Tokyo Named World’s Safest City, Osaka Third in Global Ranking

Tokyo has again been named the world’s safest city, in the 2017 Economist’s Safe Cities Index. Osaka came in third, following Singapore. The 2017 index ranked 60 major cities, scoring 49 indicators across four sub-indexes including digital, health, infrastructure and... More

Breaking News

J-Alerts Issued: North Korea has Fired a Missile Over Northern Japan

According to the Toyo Keizai Online newspaper, the Japanese government has issued two alerts (J-Alerts) warning that North Korea has fired a missile over northern Japan. The text of the alerts reads as follows: J-Alert: 7:00AM, September 15th “A missile has... More

Market Trends

MLIT LOOK Report: Land Values Continue Steady Growth Outside Tokyo

Land prices rose in 86% of locations surveyed by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in its Q2 2017 LOOK Report, which surveys land price trends for intensively used commercial and residential land in major cities throughout Japan.... More

Real Estate Law

Expiration of “Productive Green Areas” in 2022: Impact on Commercial Land Prices

By Jeff Wynkoop Have you ever come across a rice paddy wedged in between office buildings in a Japanese city? Most likely you were looking at a “Productive Green Area.” There are over 63,000 of these parcels of land scattered... More