JAPAN’S HOUSING MARKET ALREADY A BUBBLE ?

Real House Prices over the Past Year increased in most countries, but still NOT picking up in Japan. Commercial Properties in Metropolitan area is not the case though.

Source: IMF, BIS

House Prices have grown faster than rents over half the countries in the period of 2010 ~Q1 2015.
Japan is one of them, but barely changed.

Source: IMF, OECD

Reference: Link to Research Reports published by Japanese financial institutions.

• http://www.mizuho-ri.co.jp/~/MEA150604.pdf
• http://www.nri.com/~/japanreport2015_en.pdf