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Japan's 2019 land prices power higher, but Covid-19 clouds outlook

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An increase in foreign tourist numbers boosted demand for hotel properties and retail space, while low interest rates supported strong office demand.

Tokyo

JAPAN'S land prices grew for a fifth straight year last year, helped by foreign tourism and low interest rates, with some regions posting their best gains since the country's property crash of the early 90s.

A boom in tourism has been pushing up land prices, especially among...

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