I was once asked in apparent seriousness how Tokyo deals with monied Chinese purchasers of property, "which there are surely lots of."https://twitter.com/edwest/status/905031118885355522 …
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I'm guessing Japan doesn't have major tax advantages to owning property? That has been a major factor in the Canadian housing bubble.
Somewhat surprisingly given my interests, I am underinformed as to how the tax code treats property ownership here.
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