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Japan land prices recover from COVID to rise fastest in 15 years

Mar 23 (Nikkei) - Japan land prices gained the most in 15 years as a loose monetary policy and the lifting of COVID restrictions fueled demand for offices, condominiums and hotels.

As of Jan. 1, prices were 1.6% higher than a year earlier, a second straight annual gain, data from the Ministry of Land, Infrastructure and Transport showed on Wednesday. A rise of 0.6% was recorded as of the previous New Year's Day. Prices marked as of the beginning of January 2021 had dropped 0.5% due to the pandemic. ...continue reading

Source: Kyodo

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A meeting to deal with the three major airports in the Kansai region was held on Monday in Osaka City, where it was decided to officially submit a proposal for new flight routes for Kansai and Kobe Airports to the government, significantly increasing their capacity.

The Cape Soya Lighthouse, standing tall on a hill in Wakkanai City, Hokkaido, is Japan's northernmost lighthouse, established 139 years ago.

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