Sumitomo Mitsui Card has released a report on credit card spending trends by foreigners visiting Japan. According to the report, the amount of credit card payments by foreigners visiting Japan from January to November 2024 increased significantly, up 50.4% from the same period in 2019 before the Covid-19 Disaster and up 55.3% from the same […]
In addition to metropolitan areas, the number of high-priced condominiums for sale in Japan’s regional cities, especially those with sales prices of 100 million yen or more, known as Oku-shon (million-unit condominium), is increasing. According to a survey by the Rifle Homes Research Institute, the number of million-apartment locations listed on the Rifle Homes housing […]
On February 13, 2025, Nomura Research Institute, Ltd. released a survey of the wealthy in Japan. According to the survey, the number of “high-net-worth” households with net financial assets of 100 million JPY or more and “ultra-high-net-worth” households with net financial assets of 500 million JPY or more has reached an estimated 1.65 million in […]
Interbrand Japan, a subsidiary of Interbrand Inc. of the U.S., has released its 2025 ranking of the brand value of Japanese companies. The ranking is the result of converting corporate brand values into monetary values based on expected profits over the next five years or so. Toyota is at the top of the ranking, and […]
Uber Japan announced the launch of “Uber Teens,” a new service that allows children ages 13 to 17 to hail a cab under the supervision of their parents or guardians, for the first time in Japan on November 11. The service is available in a total of 30 cities in 11 prefectures (Hokkaido, Aomori, Miyagi, […]
On December 10, KOSÉ, a major Japanese cosmetics manufacturer, announced the acquisition of Thailand’s Puri, which operates the PAÑPURI cosmetic brand. KOSÉ is expected to acquire Thailand’s top share brand to strengthen its business in Southeast Asia, India, and other markets in the Global South. By utilizing KOSÉ’s global sales network, PAÑPURI is expected to […]
The opening of new luxury hotels is accelerating in Osaka in anticipation of the Osaka-Kansai Expo to be held in 2025. With the opening of the Expo as well as the future opening of integrated resorts, including casinos, demand is expected to remain high for the foreseeable future. The Waldorf Astoria, a top-of-the-line hotel by […]
JR Tokai Group, one of Japan’s major railroad operators, announced on April 5 that it has partnered with Hyatt Hotels, a major U.S. hotel company, to develop its first luxury hotel, Hotel Nei Nara. The hotel will be part of Hyatt’s “Unbound Collection by Hyatt” luxury brand, aiming to attract inbound guests, especially from Europe, […]
The number of overseas travelers from Japan is expected to increase due to the nine-day weekend in the year-end and New Year holiday season (the miraculous nine-day weekend), according to various travel agencies. According to a survey by JTB, the number is expected to reach 520,000, up 13% from the previous year, which was the […]
Matsuya Ginza, a department store operator in Ginza, Tokyo, announced on November 27 that it has launched a new e-commerce site, “matsuyaginza.com” to realize OMO (Online Merges with Offline). The new digital platform will allow customers to access a luxury product lineup from around the world, including brands that have stores in Matsuya Ginza as […]