{"schema_version":1,"asset_id":"jp_property_3156","market":{"above_current_high_count":2,"below_current_low_count":8,"cpi_2025_annual_mean":100.00833333333334,"current_cases":[{"nominal_2036_index":146.1124782700834,"rank":0,"real_10y_ratio":0.5986948993863712,"subjective_weight":0.1},{"nominal_2036_index":189.4579588260959,"rank":1,"real_10y_ratio":0.7763027151429892,"subjective_weight":0.2},{"nominal_2036_index":232.11840427994903,"rank":2,"real_10y_ratio":0.9511036041646753,"subjective_weight":0.4},{"nominal_2036_index":283.23767640368084,"rank":3,"real_10y_ratio":1.16056447871264,"subjective_weight":0.2},{"nominal_2036_index":344.2751681194674,"rank":4,"real_10y_ratio":1.4106651914938664,"subjective_weight":0.1}],"exact_2025_to_2036_real_return_comparison":false,"forecast_as_of":"2026-10-25","forecast_id":"jp_property_3156@price-research-20261025-v4","forecast_input_hash":"aefd7b05c65f5f0c664e795229cf9f4cbbc4e20e866002015998c33514bdd004","forecast_reference_period":"2025","forecast_target_date":"2036-10-25","historical_max_real_10y_ratio":1.4532847406853098,"historical_median_real_10y_ratio":0.9005649412708457,"historical_min_real_10y_ratio":0.22082581395087642,"last_official_index":181.59,"last_official_index_year":2025,"maximum_nonoverlap_count":4,"name":"大阪府／建物付土地","post_bubble_1990_2000_real_ratio":0.22082581395087642,"recent_2015_2025_real_ratio":1.3833187123266342,"reference_year_matches_forecast_as_of_year":false,"unit":"MLIT index, 2010=100","window_count":32,"windows":[{"origin_year":1984,"real_price_ratio":1.3381003337158426,"target_year":1994},{"origin_year":1985,"real_price_ratio":1.2088290886460211,"target_year":1995},{"origin_year":1986,"real_price_ratio":1.031704698448072,"target_year":1996},{"origin_year":1987,"real_price_ratio":0.6639672894407811,"target_year":1997},{"origin_year":1988,"real_price_ratio":0.4783712335690221,"target_year":1998},{"origin_year":1989,"real_price_ratio":0.31986010176581287,"target_year":1999},{"origin_year":1990,"real_price_ratio":0.22082581395087642,"target_year":2000},{"origin_year":1991,"real_price_ratio":0.2515351932733161,"target_year":2001},{"origin_year":1992,"real_price_ratio":0.30782573385864337,"target_year":2002},{"origin_year":1993,"real_price_ratio":0.3502300332923318,"target_year":2003},{"origin_year":1994,"real_price_ratio":0.4454888057812613,"target_year":2004},{"origin_year":1995,"real_price_ratio":0.5338987819866599,"target_year":2005},{"origin_year":1996,"real_price_ratio":0.6928529122022281,"target_year":2006},{"origin_year":1997,"real_price_ratio":0.7692581660959478,"target_year":2007},{"origin_year":1998,"real_price_ratio":0.74904588700349,"target_year":2008},{"origin_year":1999,"real_price_ratio":0.726977117143835,"target_year":2009},{"origin_year":2000,"real_price_ratio":0.7950478223437403,"target_year":2010},{"origin_year":2001,"real_price_ratio":0.8386267244202253,"target_year":2011},{"origin_year":2002,"real_price_ratio":0.9588780957847518,"target_year":2012},{"origin_year":2003,"real_price_ratio":1.0865109747143153,"target_year":2013},{"origin_year":2004,"real_price_ratio":1.057699881559357,"target_year":2014},{"origin_year":2005,"real_price_ratio":0.9765505178372971,"target_year":2015},{"origin_year":2006,"real_price_ratio":0.8841826560995294,"target_year":2016},{"origin_year":2007,"real_price_ratio":0.9169472264421621,"target_year":2017},{"origin_year":2008,"real_price_ratio":1.0576993592658976,"target_year":2018},{"origin_year":2009,"real_price_ratio":1.3349807295377831,"target_year":2019},{"origin_year":2010,"real_price_ratio":1.2883568563432835,"target_year":2020},{"origin_year":2011,"real_price_ratio":1.3488889308025462,"target_year":2021},{"origin_year":2012,"real_price_ratio":1.371337730355845,"target_year":2022},{"origin_year":2013,"real_price_ratio":1.423503662532413,"target_year":2023},{"origin_year":2014,"real_price_ratio":1.4532847406853098,"target_year":2024},{"origin_year":2015,"real_price_ratio":1.3833187123266342,"target_year":2025}]},"audit":{"future_macro":{"jp_cpi":0.03,"jp_long_rate":0.03,"jp_short_rate":0.02,"usd_jpy_terminal":150},"historical_japan_cpi_annual_means":{"1984":73.39166666666667,"1985":74.9,"1986":75.35,"1987":75.43333333333334,"1988":75.93333333333334,"1989":77.675,"1990":80.05,"1991":82.675,"1992":84.10833333333333,"1993":85.16666666666667,"1994":85.75,"1995":85.65833333333333,"1996":85.775,"1997":87.23333333333333,"1998":87.81666666666666,"1999":87.51666666666667,"2000":86.925,"2001":86.3,"2002":85.51666666666667,"2003":85.29166666666667,"2004":85.275,"2005":85.06666666666666,"2006":85.25,"2007":85.29166666666667,"2008":86.475,"2009":85.30833333333334,"2010":84.70833333333333,"2011":84.46666666666667,"2012":84.425,"2013":84.70833333333333,"2014":87.05833333333334,"2015":87.74166666666667,"2016":87.64166666666667,"2017":88.05833333333334,"2018":88.90833333333333,"2019":89.35,"2020":89.33333333333333,"2021":89.11666666666667,"2022":91.35,"2023":94.325,"2024":96.91666666666667,"2025":100.00833333333334},"inputs_sha256":"3d587d4e43d4eb5272dd06143e7ce816d697da61833592cb30552da74678c6b6","interpretation_flags":{"1990s_bubble_crash_repeats_as_forecast":false,"automatic_stock_valuation_enabled":false,"current_5_weights_recalibrated":false,"historical_32_windows_independent_trials":false,"historical_bin_frequency_is_2036_probability":false,"historical_window_matches_forecast_reference_to_target_span":false,"property_index_is_property_appraisal":false,"rent_vacancy_cap_rate_model_present":false},"method":"property-annual-real-decade-20261027-r1","schema_version":1,"source_index":{"japan_cpi":"https://www.stat.go.jp/data/cpi/","property_index":"https://www.mlit.go.jp/totikensangyo/totikensangyo_tk5_000085.html","property_method":"https://www.mlit.go.jp/common/001186589.pdf"},"payload_sha":"bca16ee5ce44a14efc8ba347d3ee0917166b08b081384df5f4ee0d59fe48c951","input_hash":"8921b5668c8d75bf85befd89cbe4608733b65f7755ec68137e2348edfd0bc7e9","stored_at":"2026-10-26T20:47:43+00:00","newer_official_year_available":false},"automatic_valuation_enabled":false,"macro":{"version":"jp-coking-cif-relative-20261027-r1","as_of":"2026-10-27","target_date":"2036-10-25","jp_cpi":0.03,"jp_short_rate":0.02,"jp_long_rate":0.03,"usd_jpy_terminal":150,"basis":"日本CPI3%、短期2%、長期3%、2036年ドル円150円。"}}