Abstract
Recently, the economic situations of local cities are becoming more difficult especially due to the rapid decline of young generation (generally thought to be responsible for the main economic production driver) as well as the low birth rate, aging population, and “High Population Density in Tokyo” phenomenon, causing the great concern about the decline of local cities, or so-called the "Local City Extinction Theory", in result. Accordingly, Japan has been promoting local urban regeneration policy since 2014 with the aim to solve above-mentioned problems. This study focused on the system of local urban regeneration in Japan, including the background, purpose, and content of urban regeneration promotion in Japan. The results are as follows: First, Japan's local urban regeneration is one of the urban policies to rectify high population density in Tokyo, to restrain the population decline in local cities, and to improve the vitality throughout Japan. Second, Japan's local urban regeneration policy was established as the first long-term vision and comprehensive strategy in 2014, and was implemented as the primary stage for five years until 2019. In December 2019, the second long-term vision and comprehensive strategy were established and implemented as the secondary stage from 2020. Third, the first long-term vision and comprehensive strategy are being established by dividing into national and local regions.
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More From: Journal of the Korea Real Estate Management Review
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