China Buys Japan Water Rights on Two-Decade Land Price Slump
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Morihiro Oguma’s phone rang every day with calls from brokers representing foreign investors who wanted to buy his Japan Mineral water-bottling business.
“In many cases, I was told I could name my price,” Oguma said in an interview, adding he had no interest in selling the Hokkaido-based company. “It seems what they really wanted was our rights to groundwater.”