Japan REITs in for Bumpy Ride If Europe Is Any Guide: ChartBy
Japanese real estate investment trusts better watch out if euro-area REITs are any guide. The FTSE EPRA/NAREIT Developed Europe REITs Index has declined 15 percent since the European Central Bank pushed the deposit rate further south in December. The Topix REIT Index is up 8.4 percent since the Bank of Japan announced negative interest rates, but that is unlikely to last, according to Yoji Otani, an analyst at Deutsche Bank AG who expects the REIT gauge to drop as much as 7 percent from current levels.
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