The infrastructure ministry says it plans to promote the conversion of office buildings in urban centers into public rental housing units in order to cope with a shortage of high-quality apartments.
The move is also aimed at dealing with the so-called year 2003 problem, in which major cities are predicted to face a glut of new office buildings, officials said.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.