Waiting Game For Tokyo Property

Kelly, Tim
July 2009
Forbes Asia;7/13/2009, Vol. 5 Issue 12, p44
The article presents an analysis regarding the economic condition of commercial property in Japan. It states that banks contributes to the downturn of real property in the country as they are not enforcing the mark-to-market accounting standards. According to Kristine Li, a bank analyst at KBC Securities, the country's banks hold around 70 billion dollars in nonrecourse loan and loan-loss provisions to cover them are minimal.


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