• SHARE

The U.S. subprime crisis will have a limited impact on Japan’s property market rally, which is likely to shrug off the increased borrowing costs stemming from a global drying up of credit, according to investors and analysts.

Land price growth here quickened last year to 8.6 percent from 0.9 percent, the fastest rate since the National Tax Agency started to compile national land figures. As the subprime mortgage meltdown rattles credit markets, foreigners may curb property investments here after economic growth slowed more in the second quarter than forecast.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW