The Japanese real estate market makes up a majority of the investable world of Asian real estate for institutional investors due to its sheer size and Japan`s low-risk, developed country profile within Asia.
Compared to other high growth and higher risk countries within the Asia region, Japa's real estate performance has been sluggish and effected by recent turmoil in the domestic economy and global securitization markets.
However, after posting an unprecedented steep decline in economic activity in 2009 with a contraction of 5.2%, the growth rate in Japan turned positive, rising 4.2% in the first quarter of 2010, thanks to the increase in external demand and positive effects from the government's stimulus package.
Despite policy reforms, back to basics and investment conservatism taking...