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Do negative interest rates hurt Japan real estate?

Not necessarily, but cheap financing could cause excessive risk-taking and induce boom & bust cycles in asset prices.

Mr Kuroda of the BOJ said recently that there remains "ample space for additional easing" under the existing policy framework.

IN FEBRUARY, the Bank of Japan (BOJ) adopted a negative nominal interest rate policy, and joined the European Central Bank (ECB), Denmark, Sweden and Switzerland as the only central banks to cut key interest rates below zero.

The BOJ started charging commercial banks a 0.1 per cent...