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.

Japan's externally perceived comeback story is primarily due to external factors. PHOTO: AFP
New: Gift this subscriber-only story to your friends and family

TOKYO – 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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.