Japan, China and South Korea already have old populations, and they will experience a massive increase in elders to care for in the coming decades.

The property market in Japan is primed for a cyclical upswing. As a highly cyclical asset class, it is crucial that institutional investors in real estate choose carefully their entry and exit points in the cycle.

In the September issue of The Letter – Asia Pacific, I discussed the retail sector in China, with all its opportunities and traps.