TOKYO - The average price of land in Japan climbed for the fifth consecutive year amid a modest economic recovery, government data showed Tuesday.
The nationwide average of land prices in all categories logged a 2.8 percent increase from a year earlier as of Jan. 1, the sharpest rise since the burst of Japan's asset price bubble in the early 1990s, according to the Ministry of Land, Infrastructure, Transport and Tourism. Average prices for both residential-use land and commercial-use land rose.
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