Thursday, Mar 22, 2007
BOJ will have to raise rates - end of the carry trade
BBC News: Japan's land prices start to rise
Here is some much needed cheer as today's posts are depressing.
The major metropolitan areas of Tokyo, Nagoya and Osaka each saw significant increases.
Commercial land prices in these big cities rose by 8.9% on average, led by a 9.4% average rise in Tokyo.
The last thing that Japan needs is another property bubble. The BOJ will raise rates faster than we think.
Posted by sold 2 rent 1 @ 03:23 PM (173 views) Add Comment
2 Comments
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1. japanese uncle said...
Begining of the same cycle again! Soon charlatans will start to make some noice, such as absolute shortage of land, etc, to entice stupid folks unable to learn a lesson from history. Nevertheless, if this emerging Japanese bubble will ultimately faciliatte collapsing the bubbles in the UK, I may say "It is an ill wind that blows nobody good".
2. harold said...
Increasingly I see the BoJ as the central engine of much of the inflated asset prices around the world - including the UK property market. Pressure on the BoJ NOT to raise IRs from the major bubble nations, like UK and US, will be intense. This could be a very significant development. Hope you’re right S2R1.