The first step of your market research, and the most important building block of your future investment portfolio in the land of the rising sun, begins with what the Japanese value above all else – relationship building...

A new wave of big private equity players is moving in on Japan's property market, drawn by attractive yield spreads with Japan's low interest rates and by prospective deals with companies that hold under-utilized assets. "The Japanese market presents a huge opportunity," David Cheong, managing director at KKR, told Reuters. He noted wide scope to help corporations bolster their property-related operations and boost returns on property assets. "Investment demand is strong but the number of properties for sale is relatively limited..."

Tourists visiting Hokkaido's Niseko mountain resort will face a new accommodation tax, with rates up to 2,000 yen per night for hotel and private lodging stays, approved by Japan's internal affairs minister. Expected to start in November, the tax aims to generate 162 million yen yearly for local government, funding improvements in transportation and tourism.

USD/JPY surged past 151.00, nearing a 30-year high, as the US dollar gained over 400 pips against the yen in a week. This highlights the dollar's strength and yen's weakness amidst global financial dynamics. The Bank of Japan's rate hike fueled uncertainty, causing the yen to plummet. Market watchers await further impact on the currency pair.