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In Myoko, Japan, a $1.4 billion mega-resort by Singapore's Patience Capital Group is set to create 1,000 jobs but raises concerns among locals about overdevelopment and cultural erosion. As foreign investments increase, many local businesses struggle, with only a fraction operating year-round, leading to fears of rising property prices and inflation similar to Niseko. Local leaders are cautiously optimistic but acknowledge the need for regulations to address community concerns.
Kido Yoji
People
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foreign investment sparks concern over myoko's cultural and economic future
05:37 20.03.2025
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