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GOJ to reduce base rent paid to Okinawa landlords

  • January 4, 2016
  • , Sankei
  • JMH Summary

Monday’s Sankei front-paged a GOJ idea on reducing the base rent it pays to landlords in Okinawa on behalf of the U.S. military. The total amount of base rent is expected to surpass 100 billion yen in total in FY2017. According to the paper, the level of base rent in the island prefecture has been steadily rising irrespective of commercial asset prices and economic conditions on account of its disproportionate security burden and unique war history. The article added that the central government is looking into reducing the rent as part of a defense spending review since procurement and maintenance of military hardware are becoming increasingly expensive.

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