JAPAN DATA: The national average land price, twice a.

JAPAN DATA: The national average land price, released twice a year
by the Japan Real Estate Institute, fell 4.1% on year at the end of
March 2011, slightly improving from -4.3% in September 2010, -4.7% in
March 2010 and -4.8% in September 2009. The institute excluded about 6%
of the Tohoku region in the north that was most severely damaged by the
March 11 earthquake disaster. The national average land price fell 2.1%
in March from six moths earlier while the average price in Tohoku fell
5.0% during the same period. The institute forecast that the national
average land price will fall 1.8% in a six-month period through
end-September and the average price in Tohoku will drop 3.7%.