China Largest Foreign Buyers of Land near Japan Security Areas
Tokyo, Dec. 23 (Jiji Press)--China-linked buyers accounted for the largest portion of non-Japanese individuals and entities that acquired land and structures near areas considered significant in terms of Japan's national security in fiscal 2023, a government survey showed Monday.
In the survey, the government said that there were no cases of disruptive behavior such as radio jamming from such acquired sites targeting the areas with security importance.
Under Japan's law to regulate the use of real estate with security significance, remote islands and areas within 1 kilometer of important sites such as Self-Defense Forces bases and nuclear plants are designated as "monitored areas" or "special monitored areas." A total of 583 locations are designated as such areas.
The latest survey covered 399 areas added to the list by fiscal 2023.
According to the survey, there were 16,862 transactions of land and structures near such areas in the year that ended March 2024. Non-Japanese individuals and entities were involved in 371 transactions, accounting for 2.2 pct of the total.
Of the non-Japanese buyers, 54.7 pct were from China, 13.2 pct from South Korea and 12.4 pct from Taiwan.
Of the acquisitions linked to foreign-affiliated individuals and entities in 20 prefectures, 104 were near the Defense Ministry's Ichigaya main office in Tokyo, and 39 were near the Ground SDF's Ground Materiel Control Command also in the Japanese capital.
Many acquisitions took place in urban areas. According to the Cabinet Office, around 80 pct of transactions were of condominiums.
The survey was unveiled at Monday's meeting of the Cabinet Office's Council on the Use of Real Estate.
At the meeting, the council proposed changing some security area designations, such as upgrading the Air SDF's Hofu Kita base from monitored area to special monitored area. The air base in the city of Hofu in the western prefecture of Yamaguchi houses a unit of the ASDF's Space Operations Group.
END