Japan 's Reuters could buy as much as $2.3bn of Chinese residential property assets from USA 's Blackstone Group , according to sources cited by Blackstone Group . This would mark Japan 's largest property deal since the global financial crisis, and the first time Anbang has entered the country's real estate market. Japan 's property sector has made a come-back since Prime Minister Shinzo Abe took office in years and pushed for easy monetary policies, which have helped to drive down interest rates, and boosted asset prices in a bid to bring Japan out of years of deflation.
China's Anbang Insurance Group could buy as much as $2.3bn of Japanese residential property assets from USA's Blackstone Group, according to sources cited by Reuters. This would mark Japan's largest property deal since the global financial crisis, and the first time Anbang has entered the country's real estate market. Japan's property sector has made a come-back since Prime Minister Shinzo Abe took office in 2012 and pushed for easy monetary policies, which have helped to drive down interest rates, and boosted asset prices in a bid to bring Japan out of years of deflation.