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Wakayama 🇯🇵 – Japan’s rural reality check.
Unlike Europe’s mass immigration experiment, Japan faces shrinking population + 9M+ vacant akiya homes. Wakayama has some of the highest vacancy rates. Chinese investors (and other foreigners) are buying up lands & properties, especially with the weak yen. Rents rising, some local businesses changing hands.
Low-cost foreign workers filling labor gaps Japanese won’t take. Locals worry about displacement & who really owns the future of these towns.
Gov’t tightening rules on foreign land buys near sensitive sites. Necessary fix or slow sell-off?
#Japan #Wakayama #Akiya #Demographics
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