Land prices in Japan rose 0.4 percent on average as of Jan. 1 from a year earlier, marking the second consecutive year of gain, the National Tax Agency said in its annual report released Monday.
The highest land price in the country was ¥40.32 million per sq. meter for land in front of the famous Kyukyodo stationery store in Tokyo’s Ginza shopping district, up 26.0 percent from last year. The spot remains the most expensive in Japan for the 32nd consecutive year.
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