| From Bloomberg: Japan will set up a fund worth “hundreds of billions of yen” within the next few months to aid real estate investment trusts hurt by the global credit crisis, a ruling party lawmaker said yesterday.
The fund, financed by real estate companies and the state- run Development Bank of Japan, will provide loans to the trusts, known as J-REITs, with the aim of reviving the real estate market, said Takumi Nemoto, a ruling Liberal Democratic Party lawmaker. They may also purchase a portion of the REITs’ debt.........Full Article: Source
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