search query: @indexterm Land values / total: 30
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| Author: | Cutts, R. L. |
| Title: | Power from the ground up: Japan's land bubble. |
| Journal: | Harvard Business Review
1990 : MAY-JUN, VOL. 68:3, p. 164-172 |
| Index terms: | LAND VALUES JAPAN GEARING PROPERTY ECONOMIC CONDITIONS |
| Language: | eng |
| Abstract: | The total of real estate acquisitions made by Japanese investors in the USA has been projected to reach 100 billion USD in 1992. The consequences of Japan's endless real estate boom are reshaping not only Japan's but also the world's economic future. It is setting Japan's course ever more firmly toward collision with its trading partners and economic neighbours. It is shown that much of Japan's growing global financial power springs from the value of Japanese land. The role of Japanese government's administrative and financial policy in this acquisition process is highlighted. The ability of the Japanese elite bureaucrats, business leaders, and industrial groupings to control economic processes informally is considered. |
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