Japan Roadside Land Prices Grow Most On Record on Tourism, Semiconductors – Bloomberg
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Hakuba is famed for its skiing and hiking.
Japan’s roadside land values marked their biggest increase on record, boosted by areas that have benefited from the country’s booming tourism and shifts in the global semiconductor supply chain.
Hakuba, famed for its skiing and hiking in the picturesque Japanese alps, saw the biggest increase in assessed land price — growing 32.1% in the past year, according to data released Monday by the National Tax Agency. Kikuyo, a small farming town in Kumamoto Prefecture that is home to a new Taiwan Semiconductor Manufacturing Co. factory, was second with a 24% increase in roadside land value.