Led by a recovery in domestic consumption and external demand, Japan’s GDP was expected to finish 2013 with a 1.8% expansion. Much of the growth came in the latter half of the year. Consumer demand for durable goods such as automobiles and white goods was strong among upper income groups. A pending tax hike is expected to curtail consumption and deter the pace of growth in coming months, with momentum likely to slow to 1% in 2014. For now, aggressive monetary easing has formed a tailwind for asset prices and the overall real estate market.
Source : Deutsche Asset & Wealth Management