Japanese real estate is reportedly becoming increasingly popular among wealthy Chinese buyers. An increase in the number of Chinese buyers of houses across Japan has been observed by real estate agents,  the Financial Times says. The trend, identified a few days after China overtook Japan as the second largest economy in the world, has provided new hopes for Japanese property owners who have been contending with Japan’s long-standing property stump, FT says. The news agency adds that the trend also reflects effects of the rising property prices in China, which is encouraging wealthy Chinese businessmen to seek cheaper investments elsewhere.

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    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.