I am studying a few reports on the current Japanese property market.
I will share my detailed analysis on this blog soon.
Over all, the Japanese market is steady.
According to the Government’s announcement in July 2017,
the national average standard price of land
rose by 0.5% compared to the previous year and it increased
for the second consecutive year.
Land for stores and hotels rose as the number of visitors to
Japan increased and redevelopment became a driving force in urban areas.
Ginza, Tokyo cracks a mark of price of the bubble period (late 80’s)
for the first time in 26 years.
Land prices of Ginza 2 chome in Tokyo exceeded the price during the bubble period.
Daily Archives: 2018-02-08
Is Japan really shrinking ?
Every day in the traditional medias and social medias, I encounter the news
discussing rapidly greying Japan and the shortage of labour with rather gloomy tone.
According to the official survey announced by the government in August 2017,
the total population (excluding foreign nationals) of Japan was 125 million,
decreased for eight consecutive years.
It decreased by 300,000 from the previous year, and was the highest drop since the survey
started in 1968. The number of registered foreign residents was 2.32 million.
In the meantime, the government also announced that Japan’s economy
expanded for the seventh straight quarter in July to September (2017),
the longest growth since 1994. So what is going on in Japan ?
Ironically the vigorous economy also highlights a chronic labour crunch
caused by the country’s ageing, shrinking population.
Japan now relies heavily on foreign labour, and experts have been
urging more public debate on immigration policy as Japan
continues to age and shrink.Read more