VIDEO: Japan's 'Sleeping giant elephant' is waking up

Touchstone Capital Securities founder Fred Uruma talked to PERE on the sidleines of last week's PERE Forum: Asia about how what is happening in the J-REIT sector will lead to healthier transaction levels by opportunistic players.

At last week's PERE Forum: Asia, Touchstone Capital Securities founder Fred Uruma suggested the total value of Japanese real estate transacted by opportunistic investors could increase from approximately $7 billion last year to more than $20 billion this year. The return of Japan's 'sleeping giant elephant' is partly thanks to the Bank of Japan's efforts to recapitalise the J-REIT sector and a meaningful return to the market by the lending community.