4 ms·
My understanding is that in Japan zoning restrictions are controlled at a federal rather than local level. I've read that this helps prevent local incumbents us
by nwj 5y ago
My understanding is that in Japan zoning restrictions are controlled at a federal rather than local level. I've read that this helps prevent local incumbents using the zoning system to exclude new construction.
In other words, Japan lacks the regulatory environment (common in all these other countries) that depresses supply.