For the fourth consecutive year, Japan's land prices have fallen. Prices decreased an average 2.6 percent in 2011, but the decline was smaller than the 3.0 percent in 2010 as the economy bounced back from the 3/11 disasters. Commercial land prices slipped 3.1 percent in 2011, less than the 3.8 percent drop in 2010, and residential land prices fell 2.3 percent, less than the 2.7 percent decline in 2010.
(Japan Times)
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