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 be Japan 's largest property deal since the global financial crisis , and the first time China has entered the country 's real estate market . Privately owned Anbang has assets worth more than 800 billion yuan ($116 billion). Japan 's property sector has seen 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 recession .
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 be Japan 's largest property deal since the global financial crisis , and the first time China has entered the country 's real estate market . Japan 's property sector has seen 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 recession .