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.

In the year to July 1, commercial land prices rose 1.9 per cent in Tokyo, and 1.5 per cent in Osaka an…