TOKYO -- Japan land prices gained the most in 15 years as a loose monetary policy and the lifting of COVID restrictions fueled demand for offices, condominiums and hotels.
As of Jan. 1, prices were 1.6% higher than a year earlier, a second straight annual gain, data from the Ministry of Land, Infrastructure and Transport showed on Wednesday. A rise of 0.6% was recorded as of the previous New Year's Day. Prices marked as of the beginning of January 2021 had dropped 0.5% due to the pandemic.
