Inbound tourism fuels land price surge across Japan

Foreign tourists visiting the old townscape of Takayama City, Gifu Prefecture, on June 25. - The Yomiuri Shimbun

TOKYO: Strong demand from inbound tourism has significantly driven up land prices in tourist destinations nationwide, a trend extending to areas around the 2025 Osaka-Kansai Expo.

According to an announcement by the National Tax Agency on Tuesday, land prices rose year-on-year in 35 prefectures, and the national average increased for the fourth consecutive year.