After educating Japanese children since 1956, Kiyokawa Elementary School lies abandoned, its walls and roof crumbling because there are no longer enough pupils to fill it and the town can’t afford to demolish the building.
Japan’s Prime Minister Shinzo Abe evokes the late Margaret Thatcher as he repeats “there is no alternative” to his platform of economic change. One of the byproducts: prospects for a Thatcherite division of wealth.
Osaka, Japan’s biggest financial center outside Tokyo, is building a business and shopping complex that will add 6 million square feet (557,000 square meters) of space in a city where more than half of new offices remain empty.
Properst Co. , the Japanese property developer that had Madonna promote high-rise apartment sales in central Tokyo, filed for bankruptcy protection as the credit crisis pushed condominium sales to almost two-decade lows.