2 replies to this topic

[nimblebear]

For the first time in 16 years, land prices in Tokyo, Osaka, and Nagoya (the three largest urban areas in Japan) rose in 2006. Moreover, the average grade-A office market vacancy rate in Tokyo declined from 1.8% at the beginning of 2006 to 0.3% by the end of the year. As recently as 2003, the average grade-A office market vacancy rate in Tokyo was 12.3%. Rents in this market also rose 48% on a year-over-year basis in 2006, on top of a 44% increase in 2005.

[tomterrific14]

Seems to Politicians in Japan will need to allow their central bank to raise interest rates to cool things down soon,,,

[ecpinto]

Seems like worldwide liquidity is being driven by the Japanese. In the not so recent past they were dealing with deflation which caused them to inflate. The Yen has not been in sync with the other currencies of the world as it continues to decline vis a vis the dollar. I have no doubt that once Japan begins to raise interest...it will then be the dollars turn to inflate...so we can continue to expect higher stock prices in the US and the world for a while Seems like worldwide liquidity is being driven by the Japanese. In the not so recent past they were dealing with deflation which caused them to inflate. The Yen has not been in sync with the other currencies of the world as it continues to decline vis a vis the dollar. I have no doubt that once Japan begins to raise interest...it will then be the dollars turn to inflate...so we can continue to expect higher stock prices in the US and the world for a while