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Tokyo's property boom is a warning, not a crisis

A view of Tokyo with Mt. Fuji in the background. (Photo by Konosuke Urata) Koon Hui Tee and Shunsuke Endo are senior economists at the ASEAN+3 Macroeconomic Research Office.

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A view of Tokyo with Mt. Fuji in the background. (Photo by Konosuke Urata) Koon Hui Tee and Shunsuke Endo are senior economists at the ASEAN+3 Macroeconomic Research Office.

Koon Hui Tee and Shunsuke Endo are senior economists at the ASEAN+3 Macroeconomic Research Office. Read NextTrading AsiaTaiwan's wealth flows into Japan real estate as mainland Chinese retreatPropertyCash buys dominate Tokyo and Osaka penthouses as luxury demand surgesPropertyTourism boom lifts Japan land prices for fifth straight yearPropertyTokyo eyes more affordable housing in Shibuya with zoning rule changeLifeJapan's 'akiya' boom draws dreamers to abandoned homesJapan immigrationMetroResidences Japan eyes tenfold expansion to accommodate expatsLatest on OpinionOpinionIndia can no longer take Nepal for grantedOpinionThe UAE and Japan have an enduring partnership, built to lastOpinionA new European security architecture is needed to end war in Ukraine Read Next Read Next Trading AsiaTaiwan's wealth flows into Japan real estate as mainland Chinese retreatPropertyCash buys dominate Tokyo and Osaka penthouses as luxury demand surgesPropertyTourism boom lifts Japan land prices for fifth straight yearPropertyTokyo eyes more affordable housing in Shibuya with zoning rule changeLifeJapan's 'akiya' boom draws dreamers to abandoned homesJapan immigrationMetroResidences Japan eyes tenfold expansion to accommodate expats Trading AsiaTaiwan's wealth flows into Japan real estate as mainland Chinese retreat Trading AsiaTaiwan's wealth flows into Japan real estate as mainland Chinese retreat PropertyCash buys dominate Tokyo and Osaka penthouses as luxury demand surges PropertyTourism boom lifts Japan land prices for fifth straight year PropertyTokyo eyes more affordable housing in Shibuya with zoning rule change LifeJapan's 'akiya' boom draws dreamers to abandoned homes Japan immigrationMetroResidences Japan eyes tenfold expansion to accommodate expats Latest on Opinion Latest on Opinion OpinionIndia can no longer take Nepal for grantedOpinionThe UAE and Japan have an enduring partnership, built to lastOpinionA new European security architecture is needed to end war in Ukraine OpinionIndia can no longer take Nepal for granted OpinionThe UAE and Japan have an enduring partnership, built to last OpinionA new European security architecture is needed to end war in Ukraine Sponsored Content Sponsored Content

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Indonesia and India sign deals on supersonic, air-to-air missiles

Indonesian President Prabowo Subianto shows the way to Indian Prime Minister Narendra Modi during a welcoming ceremony ahead of their meeting at the Merdeka Palace in Jakarta on July 7. © ReutersNATSUMI KAWASAKI, KIRAN SHARMA and REZHA HADYANJuly 7, 2026 18:09 JSTJAKARTA/NEW DELH

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