http://www.businesstimes.com.sg/prem...-told-20140228

[SINGAPORE] Local investors considering buying Japanese property should consider the currency exposure as the yen is poised to slide further due to economic reforms, said Bank of Tokyo-Mitsubishi UFJ (BTMU) analysts.
The yen is expected to depreciate against the Singapore dollar around 5 per cent by the end of 2014, while the slide against the US unit will be a steeper 8 per cent, they said.
Pension liberalisation reforms and stepped up overseas asset buying will lead to more than 10 trillion yen (S$124 billion) outflows from April, said Takahiro Sekido, BTMU Japan strategist.
Yen will fall to 110 to US$1 by December 2014 and 115 in 3-5 years' time, said Mr Sekido.