Japan land prices rise most in 33 years, but foreign investors shy away
TOKYO -- The value of land in Japan has climbed by an average of 2.3% on the year, marking the sharpest gain in 33 years as the market follows stocks and wages upward in a turning point from decades of deflation.
2024 data released Tuesday by Japan's land ministry showed a third straight year of growth and the first increase of more than 2% since 1991, toward the end of the country's economic bubble.