Land prices in Tokyo have risen for the first time since 1990, the government said Tuesday, bearing out ever-widening views of a pickup in the economy.
Average land prices in Tokyo's 23 wards as of July 1 increased 0.5 percent in residential districts and 0.6 percent in commercial areas over last year, marking the first rises since the burst of the bubble economy, according to the annual survey by the Land, Infrastructure and Transport Ministry.
On a national basis, the land ministry said average prices for both residential and commercial land were down for the 14th straight year but with signs the fall in rural areas is coming to a halt.