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Kamiyacho-Azabudai Hills
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If you walk in Tokyo, it is deivided into Yamanote, a high-class residential
area, and a common people's downtown, but the area from Roppongi 1-chome
to Kamiya-cho, is a special area among them.
The reason for being special
1.It is close to the city center and on the mountain. Mitsui, which is
said to be one of the three major zaibatsu, has the Mitsui Club in Mt.Mita,
Mitsubishi has Kanto Kaku in Mt.Gotenyama in Shinagawa, and Sumitomo has
Izumiya (Business name of Sumitomo) Hakukokan and Izumi Garden in Mt.Shiroyama
in Roppongi 1-chome.
2. Before the subway was built, it was inconvenient to walk and from JR
stations but basically we don't think walking is important.
3.There are embassies in each area
There are the Austalian Embassy and the Italian Embassy in Mita, and the
British Embassy in Shinagawa in the past, and around the Shiroyama in Roppongi
1-Chome, the American Embassy in the north and Russian Embassy in the south,
Spain, Sweden, and Saudi Arabia. There are embassies in each area.
From Roppongi to Shiba, it was generally an unfamiliar area, but it suddenly
came in the spotlight because new developments carried out one after another
such as Ark Hills, Ark Hills Sengokuyama, Poppongi Hills, Toranomon Hills,
Azabudai Hills.
The east side of Roppongi 1-Chome is undergoing redevelopment, but the
west side is expected to be undergoing redevelopmement from Akasaka to
Nogizaka, so it may be an area where price increases can be expected from
now on.
While many wealthy people lost their assets due to post-war hyperinflation, Taikichiro Mori, the fouder of Mori Building was a unversity teacher and made use of his knowledge of economics to buy and collect land in the Toranomon area by foresight and built many office buildings kept his fortune.
It is worth noting that he survived post-war hyperinflation by building and lending.
Considering that Japan's current debt is more tha twice the GDP and is
unprecedentedly large, what measures will the government take in the future?
1.Tax increases such as raising consumption tax.(increase in revenue)
2.Pension cuts. (reducing in spending),
3.The ban on the use of bills used at that time and the imposition of taxes
such as 25-90% on property. (short-term fiscal balance).
4.The deficit will continue to collapse the yen and hyperinflation.
Unfortunately, 4 is the most likely. Considering the measures against these,
the fact that the founder of Mori Building focused on lending buildings
rather than savings and stocks may be a good reference.
Japan's debt continued to be the highest in the past 8 years at 1,297 trillion
yen at the end of March 2024, and the bullion price was 12,912 yen per
gram on Aug 23,2024, and US$2,400 at 1 troy ounce in July 2024.
①Cross Sectional View
②Large Square in front of Kamiyacho station
③Azabudai Hills Market
④Central Square
⑤Shops in Mori JP Tower Plaza
⑥Outside View of Azabudai Hills
Return to Kamiyacho Page.
Table of contents in English
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