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Property

Nomura Real Estate's rising inventory sends bullish signal

Telecommuting, e-commerce and low interest rates keep demand up in Japan

The Proud City Kichijoji building, a Nomura Real Estate joint venture, sold out all its units by late October even amid the coroanvirus pandemic. (Photo courtesy of Nomura Real Estate)

TOKYO -- Japan's Nomura Real Estate Holdings is making a bullish bet during a pandemic.

The real estate developer has bulked up its inventories to their highest level since its 2006 stock market listing, confident that Japan's property market will remain strong despite -- or, in some ways, because of -- the coronavirus pandemic that is confining people to their homes.

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