The financialization of real estate in Japan: the formation of a core–periphery structure

Regional Studies published_at 2021-04-21
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Title
The financialization of real estate in Japan: the formation of a core–periphery structure
Creator
TESHIMA Kenji
YOSINO Kaoru
Source Title
Regional Studies
Descriptions
The term ‘financialization of real estate’ (FoRE) refers to the method of connecting financial markets with the geographical location of real estate assets. Therefore, the unevenness of regional development is closely tied to FoRE. In Japan, FoRE’s initial focus was Tokyo; however, the interest has recently spread to the periphery. This shift occurred owing to changes in investment actors and their strategies, which also changed the impact of the penetration of FoRE on regional economies. This article will elucidate the factors that constitute the FoRE core–periphery structure, focusing on regional real estate market characteristics and investment actors’ attributes.
Subjects
Real Estate Investment Trust
investment actors
international financial center
local real estate market
global financial market
Language
eng
Resource Type journal article
Publisher
Taylor & Francis Group
Date of Issued 2021-04-21
Publish Type Accepted Manuscript
Access Rights open access
Relation
[DOI] 10.1080/00343404.2021.1906409