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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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Located in Shinjuku, Tokyo, the 'Kenno Cafe' aims to prevent dementia through recreational activities like exercises for those concerned about the condition.

The number of vacant homes in Japan has reached a record high of approximately 9 million due to factors such as an aging population and declining birth rates. Wakayama Prefecture, with a vacancy rate of 21.2%, and Setagaya Ward in Tokyo, which has the highest number of vacant homes among municipalities with 50,000 homes, have been the focus of recent investigations.

In Asahikawa, Hokkaido, a high school girl was killed after being thrown from a bridge, and it has been revealed that the arrested 21-year-old woman and others had confined the girl for approximately four hours before the murder.

Tokyo's downtown market district, Ameyoko, which attracts hundreds of thousands of shoppers, especially around New Year, is undergoing a major transformation. Traditional fresh fish stores have dwindled, while multinational restaurants have surged. What is happening?

A dispute over the remuneration for bear hunters has led to a standoff between a town in Hokkaido and its local hunter association. The breakdown in negotiations means that the hunters will no longer respond to bear sightings, leaving the small town of Naie, with a population of about 4,800, in a precarious situation.

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Machinery orders in Japan fell by 11.3% in April, with private sector demand declining for the first time in three months.

Toyota Motor Corporation has announced its decision to halt the production of three models, including the Yaris Cross, due to certification irregularities. The production suspension, initially set to last until June 28, will now continue at least until the end of the next month as investigations by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) and other authorities are ongoing.

An increasing number of Western confectionery shops in Japan, particularly cake shops, are going bankrupt. According to research released in June, from January to May, there have been 18 bankruptcies, the highest number since 2010. If this trend continues, it will surpass the record set in 2019.

The Bank of Japan decided on June 14th to reduce its government bond purchases following the conclusion of its Monetary Policy Meeting. The pace of the reduction will be determined at the next meeting.

LINE Yahoo has announced that it will discontinue its smartphone payment service, LINE Pay, in Japan by April 30, 2025.

Japan Post has announced its first price increase in nearly 30 years, set to take effect this fall, unveiling new stamps and postcards.

According to a survey released by the Financial Services Agency on June 12th, the number of NISA accounts as of the end of March was 23,227,848.

Japan's Corporate Goods Price Index (CGPI), which indicates the prices of goods traded among companies, has reached a record high for the sixth consecutive month.