Japanese stocks are the biggest winners in the world this year. The yen is down the most of any major currency, helping exporters. And as Prime Minister Shinzo Abe’s efforts to stoke the economy take tentative hold, Japan’s commercial property market is coming back to life.
When Julia Chang, a 48-year-old Taiwanese who divides her time between Taiwan and Tokyo, decided to diversify her family’s overseas investments, she settled on real estate in the Japanese capital where prices have slumped for two decades.
Tokyu Land Corp. , Japan’s fourth- largest developer, plans to acquire rental apartments in Tokyo worth as much as 40 billion yen ($450 million) this fiscal year for its planned real estate investment trust.
Japanese lenders , which suffered a decade of bad debts and loan losses after the property bubble burst in 1990, are looking to provide more loans for real estate investments as they bet prices will recover from a 36-year low.