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Economy

Land prices outside Japan's main cities see first rise in 26 years

Negative interest rates and an increase in foreign visitors are driving demand

Tokyo's posh Ginza district: Land prices throughout Japan were pushed higher by redevelopment projects and an increase in foreign visitors.

TOKYO -- Land prices in Japan rose for the third straight year in 2017, with areas outside major cities registering their first increase in 26 years, as some see asset deflation finally reversing, helped by negative interest rates and a surge in foreign visitors pushing up demand. 

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