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Property

Japanese land prices surge in 2019 but virus clouds outlook

Tourism helps drive up costs 1.4%, marking the largest gain since 2008

Slumping tourism due to the coronavirus could put a halt to rising land prices for at least part of 2020.   © Reuters

TOKYO (Reuters) -- Japan's land prices grew for a fifth straight year in 2019, helped by foreign tourism and low interest rates with some regions posting their best gains since the country's property crash of the early 1990s.

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