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Language: English Series: Economist ; 305(7527) 5 December 1987, Survey 30-32(3)Publication details: 1987Subject(s): Summary: High land prices are becoming a major political and economic problem in Japan and must be controlled. The high prices are due to a shortage in areas of high demand such as Tokyo ; the need to make better use of land by overhauling outdated building and development codes and a heavy reliance on property related tax revenues by central and local government. Remedies include a penal rate of taxation on the purchase and resale of land within a specified time period, legislation to stop speculative land sales and decentralisation of government and business away from Tokyo.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS38638 (Browse shelf(Opens below)) | 1 | Available | 11658-1001 |
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High land prices are becoming a major political and economic problem in Japan and must be controlled. The high prices are due to a shortage in areas of high demand such as Tokyo ; the need to make better use of land by overhauling outdated building and development codes and a heavy reliance on property related tax revenues by central and local government. Remedies include a penal rate of taxation on the purchase and resale of land within a specified time period, legislation to stop speculative land sales and decentralisation of government and business away from Tokyo.