Land Investment and Real Estate Management in Japanese Modern City: Case Studies of the lands of Mitsui and Mitsubishi in Tokyo

点击翻译按钮获取中文摘要

The Purpose of this study is to analyze an income return of real restates in Edo in the case of the Mitsui family in the second half of the Tokugawa period. However it rose to 4.5% in 1800s, it decreased to 2% in 1860s. This result means that the income return of the land market in Edo had a trend toward declining in the first half of 19th century. Though it dropped down to 1% in the yearof disasters, the Mitsui family kept the real estate income by borrowing from Omotokata (Central Office of Mitsui) in order to maintain the value of collateral real estate. This attitude was evaluated in terms of the positive real estate management strategy of theMitsui family