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Business

Japan property investment logs 1st fall in 4 years

TOKYO -- Property investment in Japan shrank 23% on the year to 4.08 trillion yen ($37.81 billion) in fiscal 2015, for the first contraction in four years, according to Urban Research Institute, which is affiliated with Mizuho Trust & Banking.

     The number of transactions also decreased for the first time over the same period, sliding 19% to 1,014. Urban Research compiled the figures based on data released by listed companies and real estate investment funds.

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