Found an interesting article on a Chinese web site, saying Chinese investors are buying Japanese properties, because the prices there are more reasonable than in major Chinese cities.
http://news.shm.com.cn/2010-05/11/content_2968663_2.htm (It's in Chinese...)
I always treat online Chinese articles with a grain of salt, but this one does make sense. And as we know, Chinese funds are buying all around the world (Australia, South America, Africa, Canada...)
Good luck to all.
AJA Price at posting:
$3.10 Sentiment: LT Buy Disclosure: Held