Econ394

Introduction Each country has different economic structures and cultural background, so it is impossible to predict the future prices of lacquer based on United States land prices. This paper looks into the post prices in japan and the analysis is comprised of four get goings. The first part discusses about the uniqueness of Japanese real ground. It means that more or less special term in the Japan such as environment. Then we will analysis the role of real estate industry during the Japans economic recession. Finally, during the economic spew how to change the asset price and predict the future price of the housing. Uniqueness of Japanese real estate Japan is an island nation and has 6852 islands, lies amongst latitudes 24° and 46°N, and longitudes 122° and 146°E. Total area of Japan is 77,873 neat kilometres and the population is near 13 million. But in Japan, lonesome(prenominal) 112,884 square kilometres of its total area is habitable, which is approximately 29.87% of Japanese territory. Since express mail land is suitable for residences in Japan, most Japanese defy in areas of coastal land and high population density (Hall, 2004, p. 34). The combined facts of limited habitable land and increase in population render the housing problems more serious.

So Japan is different from the United States and Australia in terms of demand and supplying market that limits the supply of housing on the market each year. In Japan, all theater of operations trading, land transaction and house rental are under the Japanese Constitution that was enacted on 3 May, 1947. This is a post- contend constitution by the then American General Douglas MacArthur and the SCAP (Supreme Commander for the Allied Powers) in its formulation (Jackson, 2008, p. 1263). The war and atomic bombings in Hiroshima and Nagasaki resulted in a post-war housing shortage. In 1955, the Japanese government implemented a new insurance to solve the housing shortage problem based on the constitution, for example, the Residential Finance Corporation and... If you want to get a full essay, order it on our website: Orderessay

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