日本物价持续高烧，外资大举扫货东京大阪核心区房产

Economic Overview - Japan is experiencing a prolonged inflation period, with the core Consumer Price Index (CPI) rising for 48 consecutive months, and the CPI growth rate remaining above 3% for seven months from January to July this year [1][4] - The Bank of Japan has updated its inflation forecast, expecting core CPI to be 2.7%, 1.8%, and 2.0% for the fiscal years 2025-2027, maintaining previous expectations [1] Consumer Impact - Rising prices are significantly affecting the purchasing power of Japanese citizens, with real wages declining for eight consecutive months due to inflation outpacing wage growth [5][6] - The average price of essential goods, including rice, has surged, with the price of 5 kg of rice reaching 4,205 yen (approximately 196 RMB), remaining above 4,000 yen for five consecutive weeks [3][4] Real Estate Market Dynamics - The real estate market in Japan is experiencing rapid price increases, with average new home prices in Tokyo's 23 wards reaching 133.09 million yen (approximately 6.25 million RMB), a year-on-year increase of 20.4% [6][7] - Foreign investment is driving demand in the real estate sector, with 20% to 40% of new apartments in central Tokyo purchased by foreigners [7][9] Government Response - The Japanese government is cautious about raising interest rates, opting instead for a "time for space" approach, focusing on observing wage growth and enhancing productivity through digital transformation [5] - There are discussions about tightening regulations on foreign investments in real estate to prevent excessive foreign ownership of land [2][10] Long-term Concerns - The ongoing inflation and rising property prices may lead to a potential real estate bubble, with warnings from experts about the risks of speculative trading in the market [10][11] - Japan's demographic challenges, including a declining population and low interest in homeownership among younger generations, may limit long-term demand for real estate [11]