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Jonathan Kern, Global Chief Investment Officer at GE Capital Real Estate, authors “Which market sector offers the best potential in Japan?” for Property Week Global. The article, which was released November 6, 2009, discusses how “The Japanese economy is showing signs of recovery, but this is likely to be slow and protracted. This is due in large part to its severe public debt burden, which is the equivalent of more than 200% of GDP and more than 90% of household net worth. Against an overall contraction of 6% this year, GDP grew during the second quarter, largely fuelled by China’s demand for Japanese exports. Encouraging this export market will be key to sustaining the recovery, as will the government’s $71bn (£43.4bn) economic stimulus plan.”
Read the full story here: http://www.propertyweek.com/story.asp?storycode=3152367
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