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New transparency in Japan’s property market?

Today’s Nikkei reports that the Ministry of Land, Infrastructure, Transport and Tourism, Waseda University and the Tokyo Stock Exchange will collaborate to produce a property price index.

The index will include 30,000 properties — focusing on used condos throughout Japan — with 10 years of retrospective data. The index will be available in April, and it appears the data will be accessible to individual buyers and small investors.

The full story is here, but is behind the Nikkei paywall.

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