Average land price in Japan rises 2.9% on redevelopment, tourism demand

The average price of land in Japan rose 2.9 percent in 2026, climbing for the fifth consecutive year due to redevelopment projects in urban areas and booming tourism, government data showed Wednesday.As of Jan. 1, the nationwide average price logged the fastest pace of increase since the calculation method was changed in 2010, according to the data released by the National Tax Agency.A total of 36 prefectures recorded climbs, with Tokyo logging the sharpest rise at 9.4 percent, followed by Okinawa at 6.6 percent and Osaka at 5.1 percent, the data showed.Just eight of the country's 47 prefec…READ FULL ARTICLE