Weak yen and cheap money keep Japan's property market booming

Sale of government-owned offices in Tokyo seen rivaling record deal for Dentsu HQ

20220707 Otemachi property

More than 10 foreign and domestic investors submitted proposals to buy the government-owned portion of the Otemachi place complex in Tokyo.

TAIZO WADA, Nikkei staff writer

TOKYO -- Bidding for a government-owned office property in Tokyo shows that the country's real estate market is still going strong, thanks to a weak currency and ultralow interest rates that have drawn both foreign and domestic investors eyeing healthy returns.

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