Japan
Last updated
Last updated
Japan has been known for its "soft power" in recent years. Japan's soft power can be seen in a variety of areas, including:
Pop culture: Japanese anime, manga, and video games have become increasingly popular around the world, contributing to a global interest in Japanese culture.
Cuisine: Japanese food such as sushi and ramen have become popular global cuisine and have helped to increase people's interest in Japan.
Technology: Japan has long been known for its technological innovations, such as robotics, cars, and electronics. These innovations have influenced other countries and continue to be admired around the world.
Design: Japanese design, particularly in the fields of fashion, architecture and industrial design is considered to be minimalistic, elegant and functional and is appreciated globally.
Tourism: Japan is a popular tourist destination, known for its unique culture and natural beauty, drawing people from all over the world.
In recent years, Japan has seen an increase in global tourists visiting secondary cities in the country. There are several reasons for this trend:
Search for authenticity: Many tourists are looking for experiences that are authentic and different from those found in more heavily touristy areas. Secondary cities in Japan offer a glimpse into traditional Japanese culture and lifestyles that can be hard to find in the country's more urban areas.
Interest in nature and outdoor activities: Japan's secondary cities are home to some of the country's most beautiful natural landscapes, including mountains, forests, and hot springs. Many tourists are drawn to these areas for outdoor activities such as hiking, skiing, and hot spring soaking.
Escape from the crowds: Japan's cities, particularly Tokyo, can be quite crowded, and many tourists are looking for a more relaxed and less hectic experience. Secondary cities offer a chance to get away from the crowds and experience a slower pace of life.
Promotion of rural tourism by the government: The Japanese government has been actively promoting tourism in secondary cities, through various campaigns and initiatives, to attract tourists to less-visited parts of the country.
The popularity of Japanese rural culture in pop culture: The popularity of Japanese rural culture, particularly the depiction of rural towns and villages in anime and manga has attracted a lot of people to visit these places to see them in real life.
Accessibility: Japan has an extensive transportation infrastructure, making it easy for people to travel within the country. High-speed trains and buses connect major cities and secondary cities, making it convenient for people to travel to different parts of the country.
Overall, Japan's secondary cities offer a unique and authentic experience that is different from what can be found in more urban areas. The natural beauty, traditional culture, and slower pace of life in these areas are drawing more and more tourists each year.
Avantis has chosen Japanese properties as the first target for real estate tokenization due to a number of favorable factors. Avantis's analyst team has identified the following benefits of tokenizing Japanese real estate:
Weakened Japanese yen: The Japanese yen has weakened by more than 35% against the US dollar as a result of the aggressive interest rate increase by the US Federal Reserve after the COVID-19 pandemic. This provides clclients with a great discount when purchasing properties in Japan.
Demand mismatch: Properties in rural areas are not in high demand among Japanese people. However, with the effects of an aging society and population shrinkage, the prices of properties in rural areas are going down. On the other hand, foreign high-net-worth individuals are interested in owning properties in Japan's rural areas for vacation homes, attracted by Japan's soft power and local cultures.
Support from local government: The Japanese government is trying to promote local tourism and is providing grants and incentives for rural area property development.
Foreigners can own Japanese real estate and will not be subjected to capital gain tax based on Avantis's structuring. Avantis provides a tax-efficient structure for foreign cline to own Japanese real estate, which enables them to avoid capital gain tax and withholding tax on their investments.
A significant number of Thai people have set the goal to own real estate in Japan for their retirement, particularly in the rural areas that are influenced by Japan's soft power, which has been present in Thailand for many decades. In recent years, Thailand has been facing a crisis of air pollution, which has led many Thai high-net-worth individuals to consider relocating. Japan, with its cultural similarities and long history of cultural exchange, may be particularly appealing to Thai people. The traditional customs and values that Japan and Thailand share may make Thai people feel more comfortable and familiar with the culture of Japan.
Our real estate tokenization platform aims to make it easier for individuals, particularly high-net-worth foreigners, to own real estate in secondary cities and rural areas in Japan. This will help increase consumption in the local community and support the growth of tourism in these areas.
We also want to promote long-stay traveling, in which property owners tend to stay at their properties for extended periods of time. This sustainable approach will support the consumption of secondary cities and help to conserve and protect the prosperity of these areas.
Furthermore, we want to spread the word about this approach to owning and traveling in secondary cities. Once travelers become property owners, they tend to support the growth of the city and share their experiences with others around the world.
Our goal is to create a responsible tourism model, in which tourism minimizes negative impacts on the environment and local communities while promoting economic, social, and cultural development. This includes practices such as reducing waste and pollution, supporting local businesses, and respecting local customs and traditions. Once travelers become property owners, they tend to conserve and protect the prosperity of the place they lived.