TOKYO -- Foreign companies are investing in Japanese real estate at record levels, spurring the first land price increase in 27 years. This has been particularly noticeable in the financial district in eastern Tokyo, where money is pouring in as overseas investors seek better returns than in New York or London.
As of July 1, average land prices were 0.1% higher than a year earlier, the first increase since 1991, data from the Ministry of Land, Infrastructure, Transport and Tourism shows.
