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A $7 Billion Bet Japanese Workers Return to Office Life

  • Real estate investor is more bullish on Japan than elsewhere
  • CEO says remote work is unlikely to take hold in the nation
Japan Stocks Play Catch Up in Global Slump After Four-Day Break
Photographer: Takaaki Iwabu/Bloomberg
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Real estate investor BentallGreenOak is wagering billions of dollars that Japanese workers will return to the office after the pandemic.

The unit of Canada’s Sun Life Financial Inc. plans to double staff and invest $10 billion in Japan over the next two to three years, of which as much as 70% may go into office buildings in the country’s major business districts, said Chief Executive Officer Sonny Kalsi.