{"id":135161,"date":"2024-03-20T07:00:19","date_gmt":"2024-03-20T06:00:19","guid":{"rendered":"https:\/\/luxus-plus.com\/?p=135161"},"modified":"2024-03-18T16:27:09","modified_gmt":"2024-03-18T15:27:09","slug":"pcg-aims-to-expand-in-japans-luxury-ski-industry","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/pcg-aims-to-expand-in-japans-luxury-ski-industry\/","title":{"rendered":"PCG aims to expand in Japan’s luxury ski industry "},"content":{"rendered":"

International property manager Patience Capital Group (PCG) is planning a major expansion in Japan’s luxury ski industry. Its aim is to transform the Myoko Kogen ski resort into a high-end winter sports destination. This initiative comes against a backdrop of rising investment and tourism in Japan, boosted by the weak yen.<\/h4>\n

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Singapore-based investor Patience Capital Group (PCG)<\/strong> plans to open its $1.42 billion<\/strong> fund to new investors for a luxury ski project in Japan, before the Bank of Japan (BOJ)<\/strong> tightens its monetary policy.<\/p>\n

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Initially endowed with 35 billion yen ($237 million<\/strong>), the fund is intended to transform Myoko Kogen<\/strong>, a Japanese ski resort, into a premier winter sports destination.<\/p>\n

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It could reach 60 billion yen ($403 million<\/strong>) thanks to new domestic and foreign investments. This initiative comes against a backdrop of increased investment and tourism in Japan, boosted by the weak yen.<\/p>\n

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Founded in 2019<\/strong> by Ken Chan<\/strong>, PCG is focusing on lodging and resort properties to capitalize on these economic trends. According to him, the Bank of Japan plans to begin a process of monetary normalization, bringing to an end nearly twenty years of accommodative monetary policy. This development, combined with possible interest rate cuts by the Federal Reserve<\/strong>, is likely to trigger a rise in the yen, which is currently trading near three-decade lows.<\/p>\n

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“Clearly, from a macroeconomic point of view, this year is very important for placing funds in yen assets, as the yen is too cheap right now,”<\/em> said Ken Chan. “I think that over the next few months, investors will continue to position themselves in this market”.<\/em><\/p>\n

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Attractive zone<\/h2>\n

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