Japan average land prices inch up for the first time for 27 years

Japan average land prices inch up for the first time for 27 years

Japan's average land prices managed to surge for the first time for 27 years in the year to July 1 because an influx of foreign tourists stimulated demand for shops and hotel properties. That’s what a government poll disclosed on Tuesday.

As a matter of fact, commercial land prices tacked on for a second straight year, while the tempo of the dive in residential land prices speeded down for a ninth consecutive year, according to the land ministry's annual poll.

By the way, land prices appear to be a major gauge to estimate how much Japan asset prices have revived after a long period of deflation.

The recovery in Japanese salaries as well as employment, not to mention low interest rates backed the recovery.

The poll disclosed that nationwide average land prices managed to rally by 0.1% in the year to July 1, which is the first jump since 1991, exactly when a real estate bubble had burst.

Besides this, commercial land prices managed to gain 1.1% following a 0.5% rally in 2017, led by a tourism boom as well as redevelopment of urban areas. Firm corporate profits spurred demand for offices, as the poll revealed.

As for residential land prices, they went down by 0.3% in contrast with the previous year's 0.6% slump.

Industrial land prices jumped by 0.5%. It also appears to be the first ascend for 27 years. It became possible because of demand for large-scale logistics facilities.

In Osaka, Nagoya, and Tokyo average land prices surged by 4.2%, speeding up from 3.5% in 2017.

Japan’s authorities have an objective of up to 40 million foreign visitors by 2020, when this Asian country is expected to host the Summer Olympic Games. Eventually, the number leapt by 19.3% hitting a record 28.7 million last year.




Will USD Stop Falling Today? Market Wrap
Will USD Stop Falling Today? Market Wrap

The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong. 

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera