• Kyodo

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Land prices as of Jan. 1 rose for the third consecutive year, on the back of brisk demand generated by rising foreign visitor numbers and urban redevelopment projects, the National Tax Agency said in its annual report released Monday.

The increase of 0.7 percent on average from a year earlier represented a higher rate of growth for the second year in a row, but the gap between major cities and rural areas continued to widen, according to the report.

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