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Fortress bets on Japan property

The fund manager plans to invest bulk of its third US$1.1b Japan fund in hotels, says regional tourism will prove resilient.

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ENTOURAGE: The government relaxed visa rules for tourists from China, India, Indonesia, the Philippines and Vietnam under Mr Abe, fuelling a surge in Asian visitors. A record 19.7 million tourists visited Japan in 2015, with China accounting for the largest proportion, according to Japan National Tourism Organization.

Tokyo

FORTRESS Investment Group LLC is betting that one of the real estate industry's greatest contrarian wagers has more room to run.

The manager of US$70.5 billion, which piled into Japanese property after a tsunami and nuclear meltdown battered valuations in 2011, has seen its

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