During the Covid pandemic, many other nations adopted that tactic to support their economies. Those countries are now raising interest rates but the Bank of Japan kept its main rate below zero. And that is bad for its currency. The yen has long been seen as a safe haven, which investors traditionally bought at times of crisis. But that status is now on shaky ground. This year alone it has lost more than a fifth of its value against the US dollar to hit the lowest level since 1990.
But don’t worry. It is already recovering as the travel restriction is lifted and more and more tourists are visiting Japan. They spend a lot of money in Japan.
Now is the last chance to buy a Japanese property either as a second house or investment property. I am not trying to urge you to purchase a property located in Japan but I don’t want you to miss the opportunity.
Even though the population is declining we are accepting more refugees from Myanmar and will have an agreement between India and Japan. The content is some Indian people can work in Japan without any visa. It is like European’s NATO. Japan is trying to make up for the worker shortage.
As the economy is back to normal Yen is also getting normal. A lot of people take advantage of the weak Yen now.
Please feel free to ask any questions about the Japanese real estate market
Koji Kitada The licensed real estate agent
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