The financialization of real estate in Japan: the formation of a core–periphery structure
研究了日本房地产金融化如何形成核心-边缘结构，分析投资主体和策略变化如何影响区域经济，适合关注房地产金融与区域发展关系的读者。
The term ‘financialization of real estate’ (FoRE) refers to the method of connecting financial markets with the geographical location of real estate assets. Therefore, the unevenness of regional development is closely tied to FoRE. In Japan, FoRE’s initial focus was Tokyo; however, the interest has recently spread to the periphery. This shift occurred owing to changes in investment actors and their strategies, which also changed the impact of the penetration of FoRE on regional economies. This article will elucidate the factors that constitute the FoRE core–periphery structure, focusing on regional real estate market characteristics and investment actors’ attributes.