November 14, 2006 – Just a few hours after I posted my blog entry on J-REITs this morning, this article appeared on the newswires.
“HONG KONG (MarketWatch) — Japan’s gross domestic product expanded 0.5% in price-adjusted terms in the three-month period ending in September from the previous quarter, or at an annualized rate of 2%, marking the seventh consecutive quarter of growth, Japan’s Cabinet Office said Tuesday.
The figures bettered forecasts of zero growth for the September-ending quarter, or 0.1% in annualized terms, cited by Thomson Financial IFR.”
So given this surprise growth, investors may start considering re-entering the Japanese markets even before the new year. However, as far as the J-REITS sector is concerned, it is still the ignored ugly duckling, generating very little interest as it patiently waits to morph into a white swan.
