Japan Property-Price Declines Slow as Buyers Return
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Japanese land-price declines slowed for the first time since 2007 as credit conditions eased and the nation emerged from its deepest postwar recession.
The nationwide average price dropped 3.7 percent in the 12 months ended June, compared with a 4.4 percent decline a year earlier, the Ministry of Land, Infrastructure, Transport and Tourism said in a report released yesterday. Prices have fallen for 19 straight years.