No, Tokyo had a weak economy. Thanks in large part to non-local demand, however, that affordability is disappearing -- just like everywhere else: "Japan’s slug

No, Tokyo had a weak economy. Thanks in large part to non-local demand, however, that affordability is disappearing -- just like everywhere else: "Japan’s sluggish economy caused price gains in Tokyo to trail those in other urban centers like New York, London and Hong Kong since the 2008 global credit crisis." "Homes are unlikely to become more affordable, with the yen’s 41 percent decline over two-and-a-half years and investment yields higher than in some major cities abroad propelling foreigners to buy. While Japan remains small by total transaction value compared with the U.S., Canada and Australia, it’s now “comparable” to those markets in terms of the number of clients seeking deals, said Gui of SouFun realty." "It’s not as tolerable to Japanese. Prices in Tokyo have become “seriously unaffordable,” the annual Demographia International Housing Affordability Survey shows." http://www.bloomberg.com/news/articles/2015-07-02/salarymen-sidelined-as-chinese-descend-on-japan-property-market http://www.bloomberg.com/news/articles/2015-07-02/salarymen-...