What does the Japanese government think about off shore private banks?
In 2005, Japan’s population will begin to decrease every year for more than 25 years. by 2030, the population of Japan may decrease from 130,000,000 today, to less than 100,000,000! Fewer people in Japan, will make land less expensive. Company villas (locally known as bessos) and other similar recreational real estate (often in the countryside) will be sold in larger and larger amounts over the years to come. This is due to recent tax and accounting changes. Real estate prices will not recover to bubble time peaks for many years, possible 20 or more. Many private banks are therefore turning their attention to introducing overseas real estate for investment purposes by Japanese. Overseas REITs and other similar products are now growing in popularity among Japanese retirees who no longer want to see their real estate holdings in Japan fall in price over the next 5 or more years until 2010.
