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Friday, February 13, 2015

Japan's Tourism Boom Drawing Investors

Above, the Tokyo skyline with the Tokyo Skytree in the background. Photo by Armand Vaquer.

Got some spare cash? If you have a lot of it just sitting around and you don't know what to do with it, you may want to invest in a hotel in Japan.

So says an article in the Wall Street Journal.

They wrote:
TOKYO—Investors are buying Japanese hotels at the fastest pace since before the global financial crisis, attracted by high returns and strong growth prospects in a booming tourism sector. 
The rising investment also reflects growing interest in Japan’s broader, long-dormant real-estate sector as Prime Minister Shinzo Abe ’s policies have weakened the yen and loosened lending conditions, while unlocking the nation’s potential as a tourist destination.
Tourism in Japan is growing at a fast pace. A record 13.4 million foreign visitors came to Japan in 2014. The Japanese government has set a goal of 20 million foreign visitors by the year 2020, just in time for the 2020 Tokyo Olympic Games.

To read more, go here.

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