Author: Kenneth Fridley
Kenneth Fridley is president of Capbridge Investors K.K., a real estate investment advisory firm based in Tokyo.
Articles by Kenneth Fridley
- Prospects for Japan’s Capital and Real Estate Markets
Published on June 17, 2019 in Capital Markets
Asset prices in Japan have risen strongly in recent years, fueled by influences including cheap and abundant capital, positive yield spreads, slow but steady economic growth, and a resurgent tourism sector that has proved to be a boon for local retailers. And, not least, positive sentiment around the 2020 Summer Olympics has been a factor, with many investors believing the market will remain buoyant until after the Games are finished. Recently, however, perceptions have shifted, with a growing body of opinion gravitating towards the view that a correction may occur well before summer 2020.