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investors target japanese real estate as market dynamics shift and prices rise
Morgan Stanley is raising approximately 100 billion yen ($684 million) for a Japan-focused real estate fund, targeting offices, multi-family residential buildings, logistics, and hotels, as investor interest surges amid rising property prices. The investment landscape is shifting, with a notable increase in global fund activity and a 37% year-on-year rise in investment in the last quarter of 2023, driven by Japan's emerging inflationary environment and corporate governance reforms. Despite competition in the hotel sector, large-scale office properties are thriving, supported by a low vacancy rate and a labor shortage prompting companies to invest in attractive office spaces.
Ripple's MoneyTap Achieves Major Adoption Among Japanese Banks
Ripple's MoneyTap has achieved significant adoption in Japan, with partnerships involving six regional banks, including Shinonome Shinkin Bank and Nagoya Bank, contributing to a $13 billion increase in international remittances. Launched by SBI Holdings, MoneyTap allows instant transactions via QR codes or phone numbers, and now serves millions of users across the country. Remarkably, Ripple has partnered with up to 80% of the Japanese banking industry, highlighting its growing influence in the financial sector.
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