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Why are there millions of empty houses in Japan?

The Inquiry

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The Importance of Housing Regulation in Japan

Jiro Yoshida is an associate professor of business at Pennsylvania State University in the US. He says Japan's housing situation has a distinct combination of factors which include overwhelming preference for new builds. Homes also lose value over time. Duoyoshida suggests other economies might be able to bring prices down by adopting elements from Japanese building regulations process.

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