1.stocks

2.forex

3.JGB, the bond

About stocks in Japan, Nikkei225 is going down approx. 11%. JPY is going up approx. 2.5% to USD. JGB is going up approx. 1.5%.

I am simply thinking about correlation(s) among these 3 markets.

About real estate market itself, it is another matter, I suppose. For, Money to be invested goes from stocks to bonds, from USD to JPY, and so on. But real estate market is fixed property market, so one can not sell it soon or immediately, if he/she wants, except REIT or something. The point is liquidity, in a wide-meaning.

And houses, buildings, lands and so on, are used by people, then they have their value. If not so, the situation can be called a real‐estate bubble.

The point, liquidity, can be also said, "how easily Money moves from A to B in the market."

For example, the population of Japan is decreasing and this nation is very rapidly, going to an aged society. In such a country, what will be the state of real estate market in the future? There are highly sociological factors about real estate market, I think.