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Safe from subprime?(Japanese Real Estate Market)
- Article from:
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Japan Inc.
- Article date:
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May 1, 2008
- Author:
- Frischkorn, Brad
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Copyright informationCOPYRIGHT 2008 Japan Inc. Communications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With the break of the subprime mortgage crisis in the summer of 2007 and the global scale of its spread, the parade of negative real estate related news has been relentless as financial institutions fall, central banks launch massive credit-easing campaigns, and home foreclosures put many on the street--all with shocking swiftness. After experiencing its own real estate market collapse through the 1990s, Japan is certainly no stranger to this kind of pain. Should the country brace itself for another round of carnage?
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