Institutions make U-turn on Japanese real estate flows

After record-breaking flows in the first quarter of 2024, investors into Japan’s real estate sector deserted the sector in the second quarter, as investors anticipated Bank of Japan’s July rate rise by pulling allocations. About $6 billion flowed into the sector in the second quarter, 39% lower than the same period one year earlier, according to MSCI’s Asia Pacific Capital Trends Q2 report, published in early August. The first quarter was also the biggest quarter on record for J…