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Japan's land prices rise at fastest pace since 2010, tax agency says
Japan's land prices in 2023 rose at the fastest pace since comparable data available in 2010, the tax agency said on Monday, suggesting a recovery gathered pace helped by brisk tourism after the coronavirus pandemic. Average land prices climbed 2.3 per cent last year, rising for the third straight year, a National Tax Agency survey showed, extending gains from a 1.5 per cent increase in 2022 and a 0.5 per cent rise in 2021.Land prices rose in 29 out of the 47 prefectures nationwide including Tokyo, northern Hokkaido and southern Okinawa, the survey found. The number was up from the previous year's 25 prefectures. ... (full story)