Economic Development
1. Osaka Prefecture announced to introduce a 90% corporate tax cut for small and medium size businesses that invest more than JPY 1.6 million between the fiscal year of 2007 and 2009.
2. Osaka Prefecture also introduces new investment loan scheme focusing on small and medium size businesses. The prefecture plans to lease about JPY 10 billion.
3. The Yanmar Diesel Engine announced to build a new international distribution center on the Port Island, Kobe. The amount of new investment is JPY 3.3 billion.
4. Matsushita’s new plasma factory changes the urban planning of Amagasaki City, which won the new factory last month. The city is now working on relaxing the urban planning around the planned construction site alleviatory enough to build factories and research centers there.
5. A structural changing is underway in the eastern part of Osaka Prefecture. The area has developed as the center of manufacturing, but the increase of residential constructions makes factory owners nervous about their future because they anticipate eviction requests from new residents and land price rises. Some factories move forward on harmonious coexistence with new residents.
Survey
6. The opening of mega stores in the Kansai region decreased by 15% last year due to the tightening of regulations. Wakayama Prefecture recorded the worst drop among the six prefectures.
7. The Kobe Airport marked a new record low of the load factor, 52.7%, last month.
***All news articles are cut out from the Kansai pages of Nihon Keizai Shimbun.
***This is originally written for USCS.
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