07.01.2013 - Japan’s property prices may have fallen too much, Nishimura says
Bank of Japan Deputy Governor Kiyohiko Nishimura said property prices in Japan may have fallen too much in the aftermath of a real estate bubble that collapsed in the 1990s. “In the case of Japan, property prices are too low compared to fundamentals,” Nishimura said in response to a question from the audience after delivering a paper in San Diego yesterday. Demographic changes in the country may have created too much pessimism in the housing market, he said...............................................Full Article: Source
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