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

• Kikuchi, Yoshiyuki

• TESHIMA, Kenji

• YOSINO, Kaoru

Abstract

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.

Journal

• Regional Studies

  Regional Studies 56 (1), 128-139, 2021-04-21

  Taylor & Francis Group

Keywords

• Real Estate Investment Trust
• investment actors
• international financial center
• local real estate market
• global financial market

Details

• CRID: 1050851020841956608
• NII Article ID: 120007033337
• DOI: 10.1080/00343404.2021.1906409
• ISSN: 13600591
• ISSN: 00343404
• Web Site: http://ir.lib.shimane-u.ac.jp/52734
• Web Site: https://www.tandfonline.com/doi/pdf/10.1080/00343404.2021.1906409
• Text Lang: en
• Article Type: journal article
• Data Source:
  • IRDB
  • Crossref
  • CiNii Articles
  • KAKEN