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Understanding the long term growth vision of Japanese cities Understanding the long term growth vision of Japanese cities

Insights

The Future Growth of Japanese Cities

The impact of the COVID-19 outbreak on Japanese Cities has been felt particularly acutely, with challenges including the postponement of the Olympic Games, the temporary disappearance of inbound tourists due to immigration restrictions, and a massive blow to the retail and tourism industries.

On the other hand, we all have been discussing "post-Olympics" and "post-Abe" for a long time, and this does not appear a significant departure from the long-term trend. In addition, large-scale infrastructure development and redevelopment projects in anticipation of an Olympic year have certainly strengthened the foundation of the Japanese real estate market, and many more redevelopment projects are still planned for the future. 

We’ve put together this series of articles as an overview of the major development plans for Japan across its major cities. With the market experiencing turbulence, now it is the time to focus on long-term trends.


CITY-BY-CITY ANALYSIS

Osaka
Insights • Retail

Osaka: Multiplier Effect With Expo 2025

Osaka has been proactive among candidates for the first three Integrated Resort licenses. Local enterprises also showed their interest and support to the initiative. Elected to run the Expo for a second time 55 years later, Osaka Prefecture and City Governments aims to extend the economic benefits brought by Expo 2025 with the Integrated Resort development.

Hideaki Suzuki • 13/08/2020
Shinagawa: New Gateway Of Japan
Insights • Investment

Shinagawa: New Gateway Of Japan

Shinagawa station will be the Tokyo terminal of the new SCMaglev line. With direct access to the future SCMaglev train and its proximity to Haneda Airport, the area around Shinagawa station is positioned as an “international exchange hub which will lead economic growth” by the government. It will also serve as the gateway and the connection point for overseas visitors.

Hideaki Suzuki • 14/08/2020
Haneda: From An Airport To An Aerotropolis
Insights • Investment

Haneda: From An Airport To An Aerotropolis

While the impact of COVID-19 is severely impacting on airports across Japan, particularly Haneda that enjoyed a great amount of benefits with the increased inbound tourists over the last few years, the airport has been taking positive long-term growth strategy even before pre-COVID-19, which should not be forgotten.

Mitsuhiro Taneda • 14/08/2020
Yokohama: Igniting Waterfront Development
Insights • Forecast - Outlook

Yokohama: Igniting Waterfront Development

Yokohama announced its candidacy for Integrated Resort licenses in August 2019. The port city is just half an hour away from Tokyo and therefore attracts visitors to the capital. But for the same reason, nearly 90% of tourists are day trippers, compared to the average of 50% for the country as a whole. Yokohama has worked to promote inbound tourism in the area.

Isao Suga • 02/09/2020
Revitalizing Local Tourism Through Airport Privatization
Insights • Commentary

Revitalizing Local Tourism Through Airport Privatization

The increased number of inbound tourists has triggered a discussion on airport capacities and facilities upgrades across Japan. The benefits of airport privatization are major: improvement of airport management capabilities, greater transparency of airport usage fees, promotion of LCC entry, strengthening of airport infrastructures, and more overseas gateways, to name a few.

 
Naomi Rice • 03/09/2020
cardboardimage_citiesNagoya
Insights • Forecast - Outlook

Hospitality Development Projects In Greater Nagoya

While preparing to join Tokyo and Osaka into a single mega region with the new SCMaglev train, Greater Nagoya also sees the need to strengthen its position as a hub city in Central Japan. Although the official opening date of SCMAGLEV is now expected to be postponed, a move to strengthen its position in the Chukyo region is underway. In terms of tourism, MICE, cruise tourism, and theme park are the sectors Greater Nagoya is working on.

03/09/2020
Fukuoka: Prime Market Redevelopments
Insights • Forecast - Outlook

Fukuoka: Prime Market Redevelopments

In 2011, the government of Japan designated special districts for accelerating urban redevelopment within prime cities across the country, to improve their global commercial competitiveness. In the port town of Fukuoka, the city core area has been selected and two big projects are on-going.

Keiji Kato • 02/09/2020
Hokkaido: Emerging Tourism Segment
Insights • Forecast - Outlook

Hokkaido: Emerging Tourism Segment

Currently, inbound visitors come to Japan for shopping, gourmet food and beverages, hot springs and traditional cultural experiences. To attract tourists to revisit Japan many new tourism aspects are emerging. What one can find in Hokkaido is local culture and sports tourism.

 
Naomi Rice • 02/09/2020
 
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