Land prices in Japan fall at slowest pace in five years as deflation eases
Japan?s land prices fell the least since the global financial crisis in the year to July 1, while commercial land in the three biggest cities rose in value for the first time in the same period, the latest signs that deflation is easing its stubborn grip on the country.
Land prices nationwide fell 1.9%, narrowing from the previous year?s 2.7% decline and the smallest drop since 2008, a government survey shows.
This brings Japan closer to ending 22 years of falling land prices - a legacy of the country?s massive 1980s asset bubble.
The gradual narrowing of land-price declines is good news for Prime Minister Shinzo Abe, whose top priority is ending Japan?s long battle with deflation and spurring sustained growth with an expansionary policy mix of monetary, fiscal and structural reform measures.
?Japan?s overall land prices may turn positive as early as early next year,? said Takashi Ishizawa, chief real estate analyst at Mizuho Securities Co. __________________________________________________
Stellt sich die Frage durch was dass verursacht wird. Mal davon abgesehen das die Japaner immer älter und weniger werden, steht Japan nicht gerade gut für die Zukunft aufgestellt da.
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