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Yen set to fall further, property buyers told

Slide of 5% against Singdollar by year-end: analysts

[SINGAPORE] Local investors considering buying Japanese property should consider the currency exposure as the yen is poised to slide further due to economic reforms, said Bank of Tokyo-Mitsubishi UFJ (BTMU) analysts.

The yen is expected to depreciate against the Singapore dollar around 5 per cent by the end of 2014, while the slide against the US unit will be a steeper 8 per cent, they said.

Pension liberalisation reforms and stepped up overseas asset buying will lead to more than 10 trillion yen (S$124...

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