Im a newbie to this forum but not to Hakuba. There is an increasing amount of foreign investment going into Hakuba year over year. Probably not a huge amount on a grand scale however step by step foreigners are seeing the value of investing into Hakuba and that translates into more accommodation options, bars, restaurants and international feel. There is a core group in the town that are really trying to make a difference. The astute investor knows that now is the time to snap up the prime locations in Hakuba and turn them into something special. OK, it's not going to happen overnight but