Buy-back scheme for tsunami-hit land
The Japanese Government has announced a new buy-back scheme whereby the residential and farming land along Japan's tsunami-hit coastline will be bought up by the relevant cities and towns at slightly higher prices.
The purchase price for the land will be calculated by its estimated market value in five years from now. This is based on the government's 5-year post-quake reconstruction plan which includes restoring all infrastructure to the disaster-hit areas.Read more