The Economist reports that there may be the beginnings of a real estate bubble in Tokyo:

Japanese property prices have been falling since 1992, and the dwindling value of land assets bought during the bubble remains a misery for most. But what is true for 99% of Japan is not the case for a few pockets of Tokyo, where, according to the national tax agency, land prices climbed by an average of 0.4% in the first six months of 2005.

Good news, according to the Economist, which also reports that rising property values in the capital may be a result of renewed interest in developing the the Akihabara region, and a popular new development in Shibaura that caters to female office workers.

The Economist also notes Sanrio is marketing a new character, Charmmy Kitty, which is aimed at stressed-out female executives.