Japanese land prices rise for fifth straight year
Japanese land prices rose 1.5% in the year to July 1 maintaining their strongest growth pace in over three decades. The steady increase supports the broader economic recovery and will be reviewed by the central bank.
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Japanese Land Prices Rise for Fifth Consecutive Year
Japan's land prices rose 1.5% in the year through June, marking a fifth straight year of gains. The increase matched the prior year's pace, which was the strongest since a 3.1% rise in 1991. The ongoing appreciation reflects support from a gradual economic recovery across residential and commercial property markets.
