Has e-commerce demand peaked?
Has e-commerce demand in Japan peaked? Is the longer-term outlook for the logistics sector as rosy as the near-term outlook? This FT article is worth a read for those invested in, or looking to invest in, the logistics sector in Japan. And is bricks-and-mortar retail likely to make a comeback over the coming years? At Nikota, we think well-located, non-discretionary retail assets are certainly worth keeping an eye on. After being forgotten by almost all global investors for several years due to pressures in their home markets, these retail assets in Japan are starting to look attractive on a risk-adjusted basis.