BOJ Fukui "overall demand is exceeding overall supply, providing support for prices to continue to rise in the long-term,"

The Governor of the Bank of Japan, Toshihiko Fukui does not see a need for further interest rate hikes to quell rising land prices. He does feel that the price rises in Japanese real estate reflect an overall positive feel in the economic community.

Moreover he said he is not concerned that the present increases will spin up out of control as the increases are simply a reflection of real market beliefs in higher returns on investment whilst economic conditions continue to improve. These remarks came on the heel of the release of a government survey that Japan land prices have indeed finally risen after more than 15 years in a hole.

Good to see the government figures catch up to ratify what we investors have been living for the past two or three years.