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

The price rise was partly due to demand for land to build hotels and retail space as the number of overseas visitors to Japan in 2016 hit a record 24 million.


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...