PROPERTY

Japanese property having moment in sun

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While questions continue to abound about when the Bank of Japan will push the button on further stimulus, one thing is abundantly clear. That is, the move to negative interest rates has squashed the appeal for the Japanese public to hold cash in the bank. This seems logical, as do anecdotal reports that hardware stores in Japan have run out of safes. Given this backdrop, it is perhaps also no surprise that the net purchase of Japanese property by overseas investors has climbed to its highest level in almost a decade.

For this reason, we continue to see Astro Japan Property Trust as one of our favoured plays on an improving Japanese economy and property market.

Astro Japan Property Group (ASX: AJA)

Japanese property

Key statistics:

24/05/16 closing share price: $6.910 52 week high: $6.980 52 week Low: N/A Most recent dividend: 18c Annual dividend yield: 4.91% Franking: N/A

Disclosure: Astro Japan Property is held in the Fat Prophets Australian Share Income and Small & Mid-Cap models.

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James Lennon is a senior analyst at investment research and funds management house Fat Prophets. Receive a recent Fat Prophets Report.
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