Thais should invest in Japan’s real estate amidst yen depreciation: Bangkok Bank
Yen has depreciated by up to 30% so far, offering great opportunities for clients to invest.
Bangkok Bank is inviting customers to invest in Japan’s real estate, offering loans in yen to Thai customers so that they can take advantage of the negative interest rates, the bank announced in a press release.
The yen has depreciated by 25% to 30% to its weakest level in the past 50 years. This is a great opportunity for the high net worth customers and Thai entrepreneurs, according to Thawee Phuangketkeow, senior vice president and general manager of Japan branches as well as Tokyo branch manager.
“We believe the government of Japan will continue to attract tourists in the long term to boost economic growth and the hospitality sector will be a major industry. Large international hotel chains currently compete to invest in these assets for their business expansion and they are also enjoying benefits from the weak yen which only happens once in 50 years. There are opportunities for Thai entrepreneurs to invest in Japan for business or to buy assets to live,” Phuangketkeow said.
Currently, Bangkok Bank is the only Thai bank in Japan providing full financial services and with the license to operate a financial institution, according to Phuangketkeow. Bangkok Bank offers deposit and loan services in the local currency.