Signed-up tenants include the Industrial Bank of Japan and NTT Communication Software. Asiaweek has learned that Mitsubishi group is developing a site nearby. That should help make the area even more attractive in the future. The recession has kept Tokyo's office market soft. New Grade A offices with a large floor plan close to subway stops continue to be al-most fully occupied, says agent Jones Lang Wootton.
Brazil is a major consumer and exporter of the metal.
The devaluation of the real might tempt Brazilian producers to sell more to earn scarce greenbacks. London broker GNI says the outlook for aluminum this year will remain bleak. The market is expected to see a surplus of 680,000 tons this year, up from 270,000 in 1998. All Rights Reserved. Terms under which this service is provided to you.