In Japan, land was the most important and surest asset. But the situation has completely changed. The only case we should have land is for living ourselves or for getting profit.

While the price of real estate in Tokyo going up, the price in local regions has been going down and down. A manufacturing company always thinks which its products can be produced cheaper in a local region in Japan or in a foreign country.…

We tend to think that it was brought by a world financial crisis in 2008. But the bubble of real estate business had already collapsed in 2007. A bubble of real estate business in the U.S.A. had been continuing for about 15 years. In Japan…

We sometimes have a bubble in economy. I have been engaging in real estate business for about 35 years. During the term, I experienced two bubble eras. Since the last collapse of the bubble economy, we have very bad real estate business.