Japan's land prices climb for fourth year, aided by tourism

Increase slows in big cities while residential prices elsewhere turn up

20190319N Niseko

Condominiums sit at the foot of a mountain known for skiing in Kutchan, Hokkaido Prefecture. The town's land prices grew the fastest in Japan thanks to an influx of overseas skiers.

KAZUHIRO OGAWA, Nikkei staff writer

TOKYO -- Popular tourist destinations helped lift Japan's official land prices by 1.2% as tracked on Jan. 1 for a fourth straight annual increase.

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