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The Tokyo Metropolitan Government on August 25 will begin accepting registration forms from businesses interested in bidding on 30-year leases for land along the Tokyo Bay waterfront development area.

It will be the second time the city has opened bidding, which has been suspended since 1990 while real estate values continued their plunge after the burst of the bubble economy. This time, a total of 188,129 sq. meters, including land near the Tokyo International Exhibition Center Station, will be up for bid.

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