Commercial land prices outside Japan's 3 largest urban areas rise for 1st time in 28 years

Foreigners coming to the rescue of the Japanese once again. Too bad Japanese people haven't been able to rescue themselves for the past 30 years.

More excellent news! These businesses are benefitting, and a boost in employment will follow, particularly in hospitality industry. So much for ignoramuses on here claiming that Abenomics "isnt working".

@Chip Star

Foreigners coming to the rescue of the Japanese once again.

Nope, the foreign tourists are just coming to buy the high quality, well produced consumer items that their own [insert Trump's insult]hole countries can't produce, and experience a quality of service that equally does not exist back home.

That's why you see all the Chinese piling up electrical devices that actually work, and South Koreans loading up on high fashion that is actually made by the companies' who logos are on it, instead of pirated stuff.

Rising land prices is not "rescuing" anyone. It is pricing people out of small businesses and decent sized homes.

Central Urban area land prices have peaked then... so more affordable land is sough slightly outside of those central locations... which naturally encourages the "sell for as much as you can get" approach. Basic Economics 101 - Supply & Demand.... in Japan, however the Government generally sets the Land price, based on Taxation level... so....

Among Japan's 47 prefectures, Okinawa topped the list for both commercial and residential land price increases, with 12.0 percent and 6.3 percent, respectively.

Yeah I know, our tax bill went up because of this!

These businesses are benefitting, and a boost in employment will follow, particularly in hospitality industry. So much for ignoramuses on here claiming that Abenomics "isnt working".

These "businesses" as you call them are taking profits OUT of Japan and boosting employment in the "hospitality" industry is NOT the best way to improve the economy as these are nearly ALL low paying service orientated positions. Not to mention that large international hotel chains can not find enough workers from within Japan who want these positions so they are being forced to hire from SE Asian countries.

The "ignoramus" here is you, for thinking that the "hospitality" industry is the way to bring Japan our of decades of stagnation. The tourism industry is overly prone fluctuations in economy, and is easily hurt by political turmoil, as witnessed by the BS going on between South Korea and Japan.

The Okinawan economy has taken a hit because of the sudden drop in tourists from SK,

Abenomics is not about having foreign investment in Japan, it's been based upon free money from the central bank to large Japanese corporations for development, little of which has trickled down to the average consumer who still is bearing the brunt of increased taxes and lower buying power.