Post-quake price falls fail to materialise in Tokyo property

Talking to a private equity executive in Tokyo last week, he said he was on the 12th floor of his building in Otemachi when the quake struck in the spring. The building rocked so vigorously that his biggest worry was that it was going to strike the building next door, which was also shaking to and fro. He needn’t have worried, because he found out that the builders had taken this into consideration when they were building both structures, and had the forethought to arrange for o…