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Business Briefings
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Japan
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THE IMPACT OF THE GREAT EAST JAPAN EARTHQUAKE ON THE TOKYO OFFICE MARKET
Though physical and operational damage from the Great East Japan Earthquake in Tokyo is limited, impact of the breakdown of the Fukushima 1 Nuclear Power Plant is threatening and consistent in terms of spread of radioactive materials and possibility of rolling blackouts. Responding to the consequences, gradual change in the Tokyo office market is possible due to changes in tenants’ location criteria. This report intends to provide an outlook for the Tokyo office market over the next 3 years under such circumstances.
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