Japan imposes new ground rules as concerns grow over foreign-owned land

Japan is expressing renewed concerns about foreign nationals buying land and property across the country, with growing alarm over the acquisition of property close to “sensitive sites” as well as overseas investors causing prices to spike beyond the reach of many Japanese. A survey conducted by the Cabinet Office identified 113,827 property transactions in the year that started on April 1, 2024, in areas within 1km (0.6 miles) of a designated “critical facility”, such as a military base for...