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1.Market Observations, 8.Was Sticky

20 Apr 2017 (AFR) – Tokyo’s skyline set to see 45 new skyscrapers by 2020 Olympics

(20 April 2017, AFR, p39, by Gareth Allan and Katsuyo Kuwako)

‘Tokyo’s skyline is set to welcome 45 new skyscrapers by the time city hosts the Olympics in 2020, as a surge of buildings planned in the early years of Abenomics near completion. Japan’s capital will see nearly 50 per cent more new high-rise space in the next three years than it did in the preceding three, Toyokazu Imazeki, chief analyst at office leasing and consulting firm Sanko Estate, said in an interview. He said the increase was fuelled by the fiscal expansion and monetary easing under Japanese Prime Minister Shinzo Abe’s economic program, launched after his election in late 2012.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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