Japanese's government owned land price has fallen down below ¥100 billion. It is the first time that the price of the land has fallen in 15 years. The global financial crisis in 2008 caused decreasing in demand for real estate. Therefore, the government changed a policy from selling to be leasing them in June. Then they would improve the nation's health and upgrade social security.
I think the strategy which changing from selling to leasing the land is a really good plan. If they didn't do any thing with this land, it will become useless land. On the other hand, if we think how to use this land to be the most useful, it will make the benefit to the country like This plan. It makes income to the government. Then they can use it to improve the country.
source:http://search.japantimes.co.jp/cgi-bin/nb20100818a3.html
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