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Japan's high real estate prices giving investors vertigo

With properties out of reach for many investors, attention shifts overseas

Prices in Tokyo's Ginza 2-chome neighborhood exceeded those during the bubble economy of the 1980s.

TOKYO -- The price of land in Ginza's 2-chome neighborhood in Tokyo has topped where it was during Japan's infamous bubble economy of the late 1980s and early 1990s.

The Bank of Japan's monetary easing program has sent money flooding into real estate, pushing land prices beyond expectations. The inflow of capital should mean a golden opportunity for real estate investment trusts, but the market is suffering from too much of a good thing in the form of overheated prices.

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