Opinion: As Japan reopens, asset owners face better investment options, currency dilemmas
Japan’s depreciating yen made the reopening of the country’s borders inevitable. While the move will allow dealmaking to be smoother, new overseas investments will be a costly affair for Japanese asset owners.
Japan last week decided to reopen its borders to foreign visitors, following pressure for things to get back to normal and for business and tourism to return. Prior to its reopening, rigorous restrictions had been in place on overseas entries due to the Covid-19 pandemic.
Also read: Hong Kong quarantine: asset managers buoyed as city finally opens up
The pressure for Japan to open came in large part from the dwindling yen. On September 27, 2021, one US dollar stood at ¥111. On…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.