japan

Corporate reforms designed to extract shareholder value are at risk of being delayed but not derailed, even as trade tariffs prompt near-term obstacles, market experts told FA.

Canada’s Alimentation Couche-Tard’s revised offer for Seven & i Holdings marks a crucial moment in Japan’s corporate deal making, assessing whether Tokyo’s shareholder initiatives can unlock value for investors; recent political turmoil could also have an impact.

As part of the nascent Apac living sector, multifamily asset purchasing has been increasing in Japan, bolstered by a rebound in tourism, low interest rates and strong rental growth.

Tokyo-based Kishie was most recently the US bank's head of fixed income structuring for Japan.

Tokyo-based Masaaki Sakakibara has joined BNY Investments from Mercer Japan.

The proposed valuation fails to reflect the board’s view, while regulatory concerns are an additional hurdle, said the company in a public letter; Couche-Tard has responded by letter.

The Canadian owner of Circle K wants to buy rival Seven & i, which, if the deal is agreed, would be the largest foreign takeover of a Japanese listed company; however antitrust issues are likely.

Market turmoil likely to continue after BOJ’s hike, the US Fed’s decision to hold rates, and mixed data about the health of the world’s largest economy.

James Kemp, head of real estate, Apac, MAM, told FA that in Japan there is an undersupply of modern logistics space and an emergence of new logistics hubs in response to limits to the driving time of truck drivers.