boj minutes, 2005-10-12
Some members commented that in terms of the Prefectural Land Price Survey, land prices seemed to be bottoming out, given that there had been a distinct narrowing in the rate of decline in commercial and residential land prices in the three metropolitan areas (Tokyo, Osaka, and Nagoya) and that the rate of change in land prices of the 23 wards of Tokyo had become positive for the first time in 15 years.
Sentiment: neutral
Topic: mp_economic_activity