1. Overall view
The policy index is 57, neutral.
2. FX
Monetary normalization can support a stronger yen.
3. Property
The regulatory change does not close the market, but it adds execution requirements.
4. Exit
For investment economics, higher rates matter more than the administrative filing itself.
5. Overseas investors
Non-residents should determine whether FEFTA post-acquisition reporting applies and, where required, generally file within 20 days.
6. Risks
Missed filings, designated Important Land areas and further BOJ tightening are key risks.
7. Conclusion
Regulatory checks should be embedded in the pre-contract and closing process.