- by Mark
"Mid March Japanese Government figures were released that evidence real estate prices in Japan have finally increased after 16 years!". We all know that governments tend to run a bit behind the actual market when it comes to gathering statistics and so it comes as no surprise that the real headline here in Japanese real estate should read "Land prices rise faster than economy, positive returns almost impossible to find".
- by Mark
Back in July 2006 the board of the BOJ voted unanimously to raise the overnight call rate from zero to 0.25%. This week the bank's board is split at 6-3 not to raise the interest rate to the requested 0.5%. While the bank of Japan's Governor, Toshihiko Fukui has agreed to monitor the general economic conditions for now the rate sites at the July 2006 set rate of 0.25%. When asked if the rate is too low the Governors simple answer was "Japanese interest rates might appear low, but aren't such low rates appropriate for an economy that has just emerged from a prolonged deflationary spiral?"
- by Mark
That's was quick, seems like the real estate boom is just getting going and now those "built for the general populace" products are ready to call it quits. I would say if you are a speculator in Japan for a quick real estate buck then pay close attention to what is being said within this Nikei article however if you are more interested in steady positive gains from rental income then I don't see it as this news does. Still lot's of miles here in 'normal real estate Japan"
