JAPAN
From Times Staff and Wire Reports
Real Estate Values Decline: Commercial land prices in the major metropolitan areas of Tokyo, Osaka and Nagoya declined between 3.1% and 4.6% during the June-September period, according to a report released by the Land Institute of Japan, a research company affiliated with the National Land Agency. In Tokyo’s 23 wards alone, the prices of commercial land declined an average of 6.1%, the report said.
