Land prices in Japan fell 0.5% on average in 2021 from a year before, down for the first time in six years due to loss in demand by foreign visitors amid the coronavirus pandemic, government data showed Thursday.
The data released by the National Tax Agency showed that land prices as of Jan. 1 fell in 39 of the country’s 47 prefectures, with metropolitan areas of Tokyo, Osaka and Aichi, and 10 other prefectures suffering a setback after rising in the previous year.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
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)
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.