Abenomics benefits less extensive outside Tokyo

Rents in November for prime office space continue to rise in Tokyo, remain flat in Osaka, and drop in all other major cities

Tue, Jan 06, 2015 - 5:50 AM

In the priciest area in central Osaka, the space intended for Japan Post's office-and-retail tower complex has been vacant since 2012.

PHOTO: REUTERS

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...

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