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Japan's 2016 land prices up, led by big gains in cities

Published Mon, Jul 3, 2017 · 09:50 PM
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Tokyo

LAND prices in major Japanese cities such as Tokyo and Osaka rose in 2016 by more than 10 per cent, lifting nationwide prices for a second year in a row, a government survey showed on Monday.

Japan's average land price increased 0.4 per cent in 2016, a bigger rise than 0.2 per cent in 2015, the National Tax Agency said.

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