Melt-down: Japanese property

Article Abstract:

Tokyo's commercial real estate market downturn has caused office space rents to fall by more than one-half since 1990, and firms such as Salomon Brothers have lowered costs by negotiating new lease agreements. Japan's landlord-tenant laws place the tenant in a superior bargaining position.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
Economic aspects, Contracts, Commercial buildings, Office buildings, Tokyo, Japan

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Stuck in the mud

Article Abstract:

The Finns of Karelia and their ethnic allies held a congress in Nov 1992 to demand self-rule. Finland has expressed a willingness to acquire territory from Russia in the region in return for the forgiveness of some or all of Russia's debt.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
Finland, Political aspects, Russia, National liberation movements, Russian foreign relations, Finns, Finnish foreign relations, Finns in foreign countries, Karelia, Russia

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Stuck: Japanese property

Article Abstract:

Japanese real estate developers such as Azabu Building have been reluctant to admit mounting losses, choosing instead to reschedule their debts. The debt of Azabu Building is estimated to be at $5.29 billion.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
Real estate developers, Japan

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