Japanese commercial property returned 6.7% in the six months to June 2014, according to the latest data from IPD.
Growth was driven by high-income returns, currently running at 5.1% for the year to June 2014, rather than capital value growth, which stood at 1.6%.
Residential was the highest-returning sector, with a total return of 8.6%. This was followed by industrial with an 8.3% return.