|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.
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.