Japanese markets soar in April on government stimulus
Asia Pacific listed real estate companies bounced back in April after relatively tepid performance for the prior two months, helped along by strong general equity market returns and the resurgence of the Japanese markets under “Abenomics”. For the month, the region posted returns of 6.6 percent, slightly outperforming global real estate, which was up 6.0 percent, according to SNL Financial, with regional returns denominated back to US dollars and country returns in local currency. As a result of the month’s rally, on a year-to-date basis, Asia Pacific listed real estate companies have returned 11.9 percent, generally in line with global real estate’s returns of 12.2 percent.
Among the major countries, Japan continues on a tear, up another 15 percent in April (after being up 19 percent in March), and is now up 55.5 percent for the year, as the market soars on massive government stimulus measures and tangib