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Office rentals in Japan slow to respond to monetary easing moves

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The aggressive monetary easing by the Bank of Japan (BOJ) over the past two years has pushed Tokyo stock prices dramatically higher, but it has not had that effect in the Japanese property sector, where capital values and rentals have generally been slow to respond to the stimulus.

Tokyo

THE aggressive monetary easing by the Bank of Japan (BOJ) over the past two years has pushed Tokyo stock prices dramatically higher, but it has not had that effect in the Japanese property sector, where capital values and rentals have generally been slow to respond to the stimulus