Japan's Omi says land prices don't indicate bubble

Japan's rising land prices reflect the country's economic recovery and don't indicate an asset bubble, finance minister Koji Omi said Friday 23 March.

``Land prices are showing that the overall economy is getting better and they're not signs of a bubble at all,'' Omi said at a press conference in Tokyo. ``Rather, they signal that the economy is normalizing.''

``It's true we're seeing some areas that are overheating, but currently we don't think it'll result in a bubble,'' economic and fiscal p