MUFG Launches 100 billion Yen fund amid Japan real estate boom
Mitsubishi UFJ Financial Group (MUFG) is planning to acquire 100 billion Yen (US$678 million) worth of office and multi-family assets in Japan over the next three years, according to an article in the Nikkei Shimbun newspaper. The move comes as Japan’s relatively low real estate prices, ultra-low interest rate environment, and recent inflation continue to create a highly competitive market for both domestic and foreign capital seeking capital gains.Read more