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How much does an island cost? Japan may soon buy one for US Navy training.

Tuesday, December 3, 2019   (0 Comments)

By Mike Yeo  |  December 3, 2019  |  Defense News


MELBOURNE, Australia — Japan is nearing an agreement to purchase a privately owned island for use as a training ground for U.S. military aircraft based in Japan, potentially ending a sometimes torturous process that began nearly a decade ago.

Quoting “several government sources” as well as those from the company that owns the island of Mageshima, the Asahi Shimbun reported Nov. 30 that an agreement for the sale was “close to completion.”

The price for ownership of the uninhabited island, which measures roughly 3 square miles, was reported to be $146 million. READ MORE...

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