The impact of the COVID-19 outbreak on Japanese Cities has been felt particularly acutely, with challenges including the postponement of the Olympic Games, the temporary disappearance of inbound tourists due to immigration restrictions, and a massive blow to the retail and tourism industries.
On the other hand, we all have been discussing "post-Olympics" and "post-Abe" for a long time, and this does not appear a significant departure from the long-term trend. In addition, large-scale infrastructure development and redevelopment projects in anticipation of an Olympic year have certainly strengthened the foundation of the Japanese real estate market, and many more redevelopment projects are still planned for the future.
We’ve put together this series of articles as an overview of the major development plans for Japan across its major cities. With the market experiencing turbulence, now it is the time to focus on long-term trends.