TOKYO — Japan's cabinet approved on Friday a bill that will
tighten oversight of land deals and land use near military facilities and
border islands, reflecting Tokyo's concern about overseas security risks.
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The government plans to submit a bill to parliament that
requires planned purchases to be reported to the authorities when the land is
deemed highly sensitive to national security. Deals in urban areas may be
exempt if they affect economic activity, and the regulations will apply
regardless of a buyer's nationality.
"I'm determined to pass the bill during the current
session of parliament by any means," Japanese Prime Minister Yoshihide
Suga told parliament this month.
The United States already has regulations to review property
purchases near US military bases and Britain is looking at one this year.
Japanese policymakers are particularly concerned about
Chinese acquisitions; citizens of that country have been buying forests in
resort areas, mainly in the northern island of Hokkaido, and one purchase
involved land near New Chitose Airport and military facilities in Hokkaido.
Reuters couldn't reach that buyer, as local authorities
didn't reveal enough information to search Japan's land registry.
Registration of property is not a mandatory in Japan and
such records are incomplete, making it hard to find landowners' information.
Experts say security needs to be considered alongside free
market principles.
"It requires a balance between how much the government
can watch the private sector's land deals while securing private rights,"
said Nobukatsu Kanehara, professor at Doshisha University.
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