Japan is considering an overhaul of its REIT regulations to allow them to retain more than 10% of their earnings to finance operations, according to Sumio Mabuchi, vice minister of the Ministry of Land, Infrastructure, Transport and Tourism. The REIT market has shrunk too much, he says, and this plan will allow them to maintain stability while keeping their tax breaks. Current law requires them to pay out 90% of their earnings.

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