Scary Japanese stat Quote of the Day

“In spite of [the] dramatic drop in value, real estate prices in Japan remain among the world’s highest and must fall to 1975 levels before they will represent fair values, according to some analysts” Saying Yes to Japan pg 61

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2 Comments

  1. billywest said,

    April 7, 2008 at 9:45 am

    I’ve read that Japanese companies can list asset values as original purchase prices even if the value has sunk to zero. It’s said that this keeps stock values from falling.

  2. alexcase said,

    April 7, 2008 at 11:39 am

    I was just reading today in Saying Yes to Japan (great book!) that the law was supposed to change on that, but don’t know if it did or not.


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