Tuesday, March 20, 2012
Could Japan see a new property boom?
Could Japan see a new property boom?
Japanese property prices have been stagnant for 20 years. But that could soon change, giving a boost to Japan's economy and its stock markets. John Stepek explains why.
Posted by martingreen @ 09:59 AM (1034 views)
One thought on “Could Japan see a new property boom?”
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uncle tom says:
Japan’s population is shrinking, and all the economic indicators look pretty dire..
..so a property boom? – now? On the face of it, it seems a little unlikely
However it’s not impossible, given the general shortage of inhabitable land, the loss of safe living space caused by Fukushima and the Tsunami; and the many predictions of an imminent major quake in Tokyo could provoke a property boom elsewhere.
However, if it kicks off, money will switch from govt bonds into speculation on real estate, pushing up bond yields..
If Japanese govt debt costs just 1% more to service, that alone will gobble up a colossal 5 & 6% of tax revenue.
A property boom is the last thing the Japanese need right now..