Anyone in Japan interested in taking advantage in the forthcoming weakness in the Yen. The Philippines just might be the place to buy an investment property. See my forex report, but consider that Philippine banks in Japan are offering loans to buy property in the Philippines. I'm not sure if this is just for expat Filipinos, but I see no reason why there would be such a restriction. Anyway, you can ask yourself. The Philippine banks in Japan are BPI, BDO, Metrobank, Union and Philippines National Bank (PNB). I note that PNB has an office in Tokyo - see here for details. They offer loans to Filipinos and foreigners, whether or not you are married to a Filipino.
I would be interested if lenders can avail of those low-interest Japanese funds in order to buy property abroad? Worth finding out. Actually the rates are on their website. I believe you can get rates of 10% in the Philippines for a 5 year term, compared to just 6.5% in Japan for loans on Philippine property. See here.
NZ Property Guide Philippine Real Estate Guide Japan Foreclosed Guide