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Bank of Japan

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©2015 Bloomberg View NLHBS36KLVR9 Japan’s latest land-price data poses a conundrum for economists. Is a 0.7 percent rise in Tokyo, Osaka and Nagoya prices proof that the central bank’s quantitative-easing program is gaining traction? Or does the 0.3 percent drop in land costs nationwide underscore how persistent deflation remains? Let’s put this one

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