News On Japan

Land prices in Japan up for 2nd year

TOKYO, Sep 20 (NHK) - Average land prices in Japan have risen for a second straight year. Reinvigorated social and economic activity spurred by easing pandemic concern drove the increase.

The land ministry says the nationwide average of prices gained one percent from a year earlier as of July 1st. That compares with a 0.3 percent advance last year.

The ministry has compiled the data from annual surveys at more than 21,000 locations.

Officials say the average price of residential land went up 0.7 percent. That's led by the figures for the three major metropolitan areas including Tokyo.

The number for outside the big three edged up 0.1 percent. That's the first uptick in 31 years.

For commercial land, the nationwide average rose 1.5 percent. All three metro areas saw an increase, while outlying areas rose 0.5 percent.

Ide Takeshi of Tokyo Kantei says he thinks the upward trend will continue for the time being. Ide explains that we have seen a recovery in the number of tourists, and more factories are being built as the pandemic subsides. He says there are no negative factors nationwide.

But he warns that there is a gap between land prices and the real economy. He says it is necessary to confirm once again whether there is a trend that could lead to something like an economic bubble.


or as long as Shohei Ohtani plays for the Dodgers -- which will be at least for the next decade -- May 17 will be known as “Shohei Ohtani Day” in Los Angeles County. (MLB)

Two residents of Sapporo who died earlier this month likely succumbed to food poisoning caused by mistakenly consuming toxic autumn crocus, according to the Sapporo City Health Department. The department confirmed on May 17 that the deaths were indeed due to poisoning from this plant.

A revised Civil Code introducing 'joint custody' for children after divorce has been passed by the Diet. This marks the first time in 77 years that Japan has reviewed the approach to post-divorce custody.

Tokyo Metropolitan Police have arrested three leaders of the political group 'Tsubasa Party' on suspicion of violating the Public Offices Election Act by disrupting the speeches of other candidates during a House of Representatives by-election in Tokyo's 15th district. Investigators view this as a "challenge to democracy" and plan to pursue a thorough investigation.

An event allowing visitors to experience life in 2050 has launched in Tokyo, including an elevator which enables transportation to space via a cable extending from a satellite to Earth.


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