Even The E Rents Are Outrageous In Tokyo

Costs are crushing for would-be Web startups

Keita Shimanuki considers himself lucky. While studying for an MBA at the University of Pennsylvania's Wharton School in 1998, he logged on to the Internet to discover that his employer, Long-Term Credit Bank of Japan, had folded. With his future in Japan unclear, Shimanuki devoted the rest of his time in the U.S. to learning about Internet ventures. He even started one as a class project, an experience he hoped would help him when he returned home.

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