Tokyo landlords cut rents to fill condos before inflation worsens

Monthly average falls for 3rd month in row as consumers look to cut spending

20220822 Tokyo condos

High-rise condominiums stand in Tokyo's Koto ward. Landlords are hurrying to secure tenants, even at lower rents. (Photo by Tomoya Ushiyama)

KEN MORIYASU, Nikkei Asia diplomatic correspondent

TOKYO -- While most prices seem to be going up these days, one sector is heading the other way, Tokyo condo rents.

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