{"generated_at": "2026-11-11T05:24:20.514837+00:00", "key_stats": {"computed": "2026-11-11T05:18:22.354523+00:00", "constraint": null, "dcpi_score": 15.2, "excess": null, "facility_count": 250, "mw_reporting_count": 6, "name": "Tokyo", "recent_deals": [{"buyer": "STTGDC", "date": "2026-10-29", "id": "AUTO-0a9f32", "mw": null, "seller": "Tokyo", "source_url": "https://news.google.com/rss/articles/CBMimwFBVV95cUxNSWM0eGVHY0NVczhzeFVjWi0ydlhDV2djUWdLbEM4bzBPYXVtcnZZeVdoUWFCTlhRUWFCal9oeVQxZUlVRjdmeDlCUVdDWGdxd04wcm50bE1mdGNyb19oYnA3T1hSMEtqYmNpdDRPS0F4R2RIT2V3WVRzdm1xQjNuQkl2NW5TRkVQS1NidkRzaW1WdEc0cmh6QVlZNA?oc=5", "type": "Debt", "value": 588.0, "value_unit": "usd_millions"}, {"buyer": "Blackstone-backed AirTrunk", "date": "2026-10-07", "id": "AUTO-b8ba40", "mw": null, "seller": "Japan", "source_url": "https://news.google.com/rss/articles/CBMihgFBVV95cUxOMzllaHlhQ0tRV0pTeTVObVFXT0F5SkNPYnVfSWlfVjFKWmhNM0ItZnhOR3EyS09wYzdJSWhJQ1RTVnExeUFLZ1lfbXo4TzN5MHJvZDRVcWdfWWZPdk9IaGZqOHA3RlVfWElZRkZhTXFncVRUUFJ3MmZIM19vLVVQdnRodF9CQQ?oc=5", "type": "Equity", "value": 1000.0, "value_unit": "usd_millions"}, {"buyer": "AirTrunk", "date": "2026-10-07", "id": "AUTO-21d81b", "mw": null, "seller": null, "source_url": "https://www.datacenterdynamics.com/en/news/airtrunk-plans-additional-1bn-investment-in-data-center-campus-in-inzai-japan/", "type": "New Build", "value": 1000.0, "value_unit": "usd_millions"}, {"buyer": "Keppel DC REIT", "date": null, "id": "ext_f52c1b1560bcc7a50da5", "mw": null, "seller": null, "source_url": "https://news.google.com/rss/articles/CBMiwwFBVV95cUxQMkdPWmdSck10MVdWUWVTbF9RMFQyc0JXVjdSUFk0OVUycHA4Q0Qyb19tOE1aUnB6Vk9PdnpkRm5ZZjNjX3JsMmhBVTFIRTRGLVA0U0pSUjBlVEtvMlBwVWpiMFRmY0lXNUJxMEszT1VYMGk1c3pDZDM0LTd5clczdmdENk0xdk9tN1RKOE1tX0xXZXotbUgwY0l2MW1jdUYtZlRmdms4cDlONTdvRmIwcTJqNmhLRGNpZkhjdXFZU0wxaEU?oc=5", "type": "sale", "value": 1200.0, "value_unit": "usd_millions"}, {"buyer": "Keppel DC REIT", "date": null, "id": "ext_832c6f2ec7ed7ae9c900", "mw": null, "seller": null, "source_url": "https://news.google.com/rss/articles/CBMixwFBVV95cUxNVG1QNVRHd1VWbmxOYmx1T05Ub08zQWZyWnZ3dURwZXJTZWhuZWlHNVV3aTJkWG4zZzhVU0g4d1YtWldscGpFbG56NG5QYjZLMFRrQzgzUzUwMEtGcjAxcmVpUzY3eFk2Z0FmOVVLbzQyT1VtN1pnS2p3eTZhX1JvZ01ndG4tTjVTUzZsWHZSX0VYM1VjYXNKb3haQUc4YjNRQ19jQndDWnFJbE5VZGZpNVdSZVNrdTZCanBLY2RNVHNKNFItY2Nv?oc=5", "type": "acquisition", "value": 1190.0, "value_unit": "usd_millions"}], "slug": "tokyo", "state": "JP", "top_operators": [{"count": 14, "name": "Equinix"}, {"count": 9, "name": "NTT  DOCOMO BUSINESS (Data Centers)"}, {"count": 8, "name": "NTT-ME (Data Centers)"}, {"count": 6, "name": "NTT"}, {"count": 6, "name": "Telehouse"}], "total_mw": 407.0, "verdict": "AVOID"}, "model": "claude-haiku-4-5", "name": "Tokyo", "narrative_md": "# Tokyo Data Center Market Brief\n\nTokyo operates 250 tracked facilities totaling 407 MW across a market dominated by NTT-affiliated operators and Equinix. The top five operators\u2014Equinix (14 sites), NTT DOCOMO BUSINESS Data Centers (9), NTT-ME Data Centers (8), NTT (6), and Telehouse (6)\u2014control substantial infrastructure but fragmentation remains: no single operator holds more than 3.5% of tracked capacity.\n\nThis combination signals tight power availability relative to demand; new capacity additions face supply-side friction from grid limitations and utility interconnection timelines. Sites considering expansion or entry should expect protracted power supply negotiation and potential delays in achieving full operational capacity.\n\nKeppel DC REIT completed acquisition of two hyperscale colocation facilities in Tokyo for $1.2B, consolidating regional hyperscale presence. STTGDC secured $588M in debt financing (announced October 2026) for a 70 MW campus fit-out and operations. AirTrunk announced $1B equity investment in Japan (October 2026) alongside a parallel $1B development program for a campus in Inzai, signaling confidence in long-term regional expansion despite near-term power supply headwinds.", "slug": "tokyo", "word_count": 237, "_gated": true, "_locked_fields": ["constraint", "constraint_score", "excess", "excess_power_score", "time_to_power_months", "top_opportunities_json", "top_risks_json"], "_upgrade_cta": "BUILD/CAUTION/AVOID verdicts, the composite score and the market list are free. The DCPI sub-scores (excess-power, grid-constraint, time-to-power) and risk/opportunity detail unlock with the DC Hub plan with every tool: https://dchub.cloud/pricing."}