Steve
Totally agree re Jap banks, Jap interest rates. Jap banks don't seem to sell up their borrowers unless they cannot meet repayments. LVR/gearing was academic to Jap bankers during their 15 yr recession.
I just bought more at 31c, and have another big buy at 28.5c.
After this Ann - I want more - and big "hafta" sellers may be seeing this as a chance to offload. Win win.
BJT
babcock & brown japan property trust
hedging reduced , page-8
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