Japanese Banking by Norio Tamaki download in ePub, pdf, iPad
These six major cities experienced far greater asset price inflation compared to other urban land nationwide. The demand for office space continued to soar as more economic activities flooded Tokyo commercial districts, resulting in demand outstripping the supply. Towards the end of the year, most urban land prices fell into negative territory. Urban land in Osaka, Kyoto, Aichi in Nagoya and Hyogo in Kobe prefecture experienced unusual growth in asset inflation.
All other major urban land prices in Japan grew modestly or were stagnant. Lands in certain wards in Tokyo metropolis began to drop. All other major urban land in Japan remained in upward trend.
Prefectures located in Southern Kanto were more favourable to investors compared to Northern Kanto. Saitama Saitama and Chiba Chiba still chalked up healthy gain in land prices. All other urban cities in Japan had yet to see the impact of slowdown in Tokyo.
Yokohama Kanagawa prefecture experienced a slowdown due to its location closer to Tokyo. The abolition of financial restrictions in Japan opened up Japanese financial market to overseas, and the demand for Japanese yen increased accordingly. The financial restrictions in Japan at that time prevented for Japanese yen to be purchased and invested freely from foreign countries. At that time, Japan had a huge trade surplus, as the Japanese yen was weaker against U. Through this committee, the United States strongly demanded Japan to deregulate and ease restrictions on financial and capital transactions.
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