Prices of commercial and residential land in Japan rose for the first time in eight years in 2015, with growing numbers of foreign tourists pushing up demand for hotels and shops, the government said Tuesday.
Average prices, which also include property for industrial use, were up 0.1 percent in the period, rebounding from a 0.3 percent fall logged the previous year, the Ministry of Land, Infrastructure, Transport and Tourism said in an annual survey of around 25,000 locations nationwide.
The rise was led by commercial land, which climbed 0.9 percent after being flat a year earlier.