For subscribers

Japan looks poised for an economic comeback. But is it for real?

Tourism numbers and Tokyo property prices are surging, yet policymakers are struggling, fighting inflation and deflation at the same time.

Sign up now: Get ST's newsletters delivered to your inbox

Tokyo Tower is seen from the 52nd floor of "Azabudai Hills", the latest project by Japanese property developer Mori Building Co., in central Tokyo on August 8, 2023. (Photo by Richard A. Brooks / AFP)

Japan's externally perceived comeback story is primarily due to external factors.

PHOTO: AFP

Follow topic:

Japan’s tallest building will open on Nov 24, with penthouse units of the 330m Azabudai Hills mixed-use complex staring at the tip of the nearby Tokyo Tower.

Its status will, however, be short-lived. Construction began in October for the 390m-tall Torch Tower, part of a commercial complex next to the Tokyo Station, the capital’s main inter-city rail terminal.

See more on