Abenomics benefits less extensive outside Tokyo

Osaka

AN economic rebound and loose money policy under Prime Minister Shinzo Abe has briefly halted a long slide in Japan's commercial property market, but the benefits of "Abenomics" appear increasingly limited to Tokyo, leaving a moribund hinterland.

For a while, as the Bank of Japan printed money and Mr Abe spent it, commercial property investment, a barometre of economic activity, spilled beyond the capital into the country's larger regional cities.