The average overall price of land in Japan as of July 1 rose 1.5 percent from a year earlier, marking the sharpest growth since 1992, boosted by solid housing demand and inbound tourism, government data showed Tuesday.The price climbed for the fourth straight year, also lifted by robust investment demand from overseas on the back of the weak yen. Commercial land prices gained 2.8 percent with launches of new hotels and stores in urban areas amid a surge in foreign tourists."Investment demand from foreigners is growing for condominiums in central Tokyo and resort areas in Hokkaido" in northe…READ FULL ARTICLE
