The average land price in Japan rose 2.3 percent in 2024 from a year earlier, government data showed Monday, surpassing 2 percent for the first time and marking the highest annual rate of increase since the current calculation method was introduced in 2010. The third consecutive year of increase comes as the economy continues to recover from the coronavirus pandemic, with booming inbound tourism also supporting solid demand for condominiums in urban areas. The National Tax Agency’s annual survey of prices per 1 square meter of land facing major roads is used to calculate inheritance and gift t…