26.04.2013 - 'Abenomics' boosts Japan property market
The return of Japan Prime Minister Shinzo Abe and his monetary policy known as "Abenomics" is jump starting the country's sluggish property sector, many analysts believe.After years of austerity, Mr. Abe is pouring money into the economy and the Bank of Japan is buying financial assets, including Japanese real estate trusts (J-REITs), the Financial Times reports. "The policies being implemented at the moment are generally seen as positive for real estate," Andy Hurfurt, head of investment consulting at CBRE in Tokyo, told the paper. "To a degree the BoJ is telling people that they are going to underwrite the J-REIT market."..............................................Full Article: Source
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