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MNI BRIEF: BOJ Eyes U.S. Funds Investment In Japan Real Estate

(MNI) Tokyo

Bank of Japan officials are paying attention to increased investment in real estate by U.S. funds in Japan’s major cities as it is unknown if that is based on a short-term, or medium- to long-term views, MNI understands.

Those U.S. funds are increasing investment in Japan’s real estate market on the back of a weaker yen, contributing to boosting real estate prices in major cities. A stronger yen however could prompt those U.S. funds to unwind their positions to take profits, which in turn would dampen real estate prices, the BOJ warns.

U.S. fund investment in Japan’s real estate sector and the impact of high costs caused by the rise in commodity prices on businesses, will be among key topics in the next Financial System Report in October.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
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MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
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