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Institutional investors hunt for Japanese property bargains as coronavirus tips the country into economic recession

The Covid-19 pandemic has savaged the already fragile Japanese economy, pushing it to the brink of technical recession.However, sentiment in the country’s real estate sector remains positive, with institutional investors hoping bargains will emerge as hoteliers and other owners sell off cheap to raise much-needed cash.Hospitality operators would now have been looking forward to one of their most lucrative holiday seasons ever, if the global health crisis had not got in the way of the Tokyo 2020…

Read the original article at South China Morning Post

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