Ann: December 2008 property revaluations , page-3

Hi all.

Have been watching a 1/2hr NHK tv programme every day for the last couple of weeks. Things are not well in Japan. Real estate sales (by value) dropped by 79% in the last quarter compared to a year earlier. I'm not sure how properties can be accurately valued in this climate.

I would like to know what the capitalisation is now for BJT's properties since revaluation. I've heard that rates of 9-10% could be a likely scenario in this climate.

Also, temporary workers are getting laid off all over the place. In Japan, a worker can be classed as temporary for up to 3 years. There's no social safety net for these people. Things are pretty grim.

Cheers,
Z.