Actually it went from 26.5c to about 46 cents in a couple of...

Actually it went from 26.5c to about 46 cents in a couple of weeks after it went ex-dividend. Seemed strange at the time as stocks usually fall after going ex-divy. Now back down to 22c. They don't have any near-term refinancing issues and an incredibly low 1.99% interest rate. They have money put aside to hopefully pay out BNB management fees, rents are not going down in Japan and their leases are all very long term. On top of all this, they are benefiting enormously because of the AUD/YEN exchange rate and director have been buying up. I can only assume the sp is under pressure from a forced seller or people are assuming that commercial property is going to fall big time in Tokyo. I don't see this happening. Commercial property was not in a bubble and recent articles suggest that, whilst it had dropped slightly, was holding up reasonably well compared to the rest of the world. A lot of their buildings have been re-valued recently and they have not fallen dramatically.

I still would like to buy more at these levels, but feel I'm probably overly optimistic and would appreciate hearing from someone with more realistic views on the Japanese market.