Japan's 'quiet property bubble' deflating
The number of property transactions has tumbled, rents have been muted and inflation expectations have waned
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Tokyo
IN Japan, the number of property transactions has tumbled, rents have been muted and inflation expectations have waned. That's prompting a growing number of analysts and economists to turn bearish on property prices, which have been recovering since Prime Minister Shinzo Abe came to power in 2012.
Deutsche Bank AG's Yoji Otani said prices benefited from Mr Abe's monetary easing and are poised to fall as government policies are faltering, joining analysts and economists at Mizuho Financial Group Inc and Fujitsu Research Institute in forecasting declines.
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