Astro Japan Property Group says it will likely proceed with plans to sell its near $1 billion property portfolio into a new Japanese-listed property trust despite only steady economic growth in the country and global volatility.
Addressing the annual general meeting Astro chairman Allan McDonald said the Japanese government had only managed a small improvement in its attempts to stimulate economic activity and would closely monitor the ASX-listed group's options.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter.
