• SHARE

An increasing number of local public housing corporations are on the brink of insolvency due to declining land prices, threatening to deal a serious blow to already fragile regional economies.

Three prefectural governments — Hokkaido, Nagasaki and Chiba — gave up efforts to revive their housing corporations and let them go bankrupt.

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

PHOTO GALLERY (CLICK TO ENLARGE)