Prices of land facing major streets in Japan as of Jan. 1 grew 0.4 pct from a year before on average, up for the second consecutive year, the National Tax Agency said Monday.
Prices of land facing major streets in Japan as of Jan. 1 grew 0.4 pct from a year before on average, up for the second consecutive year, the National Tax Agency said Monday.
The roadside land prices at the beginning of a year are used to calculate inheritance and gift taxes.
The price of land in front of Kyukyodo, a classic stationary shop in the posh Ginza district in central Tokyo, was highest in the country for the 32nd straight year. The price hit a record high of 40.
