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Japan’s recession has weighed on Mitsubishi Estate (Tokyo: 8802; OTC: MITEY), as its fiscal third-quarter revenues fell by 2.5 percent from the same period last year to JPY654,976,000. Net income in the period was also down from the prior year, falling 34.6 percent to JPY33.9 billion, while earnings per share (EPS) fell from JPY37.37 to JPY24.42, with higher quarterly expenses figured in. The average vacancy…
Since reclaiming the prime minister’s office in late December, Japanese leader Shinzo Abe has been on a campaign of psychological warfare aimed at driving down the value of the yen. While Abe has backed off some of the more extreme rhetoric he was using on the campaign trail, it is clear that he has lost patience with the Bank of Japan (BoJ) and intends to…
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