RSBM: It's on the Miyazawa side. But, to be clear, it's not on their property. It's across the path. In terms of the graffiti itself, I don't really have an opinion. But FWIW, it looks more like "ZEO" to me. I would guess that the previous post suggesting its a tag would make most sense. These concrete posts are on the 'right' side of the path bisecting Soshigaya Park, on which traffic flows, joggers, families, students, etc. The Miyazawa house is the grey just above the 23. Note, there is a narrow path that runs along the canal bearing immediately east of the house. The space between the house and the water is only a few metres. And to be clear for anyone still somehow maintaining this, this park IS NOT ISOLATED OR REMOTE. IT IS FULL OF LIFE. Yes, the four houses remaining were uncommonly far from their neighbours. But we're talking a matter of metres. That's not to say it's going to be packed at 3 or 4am, of course not. But the killer, leaving that house by foot, would have been extremely lucky to make a short distance without seeing anyone unless he lives a few streets away.
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Now, to be more clear on the actual geography of the scene. You can see the distance between the posts (where skaters would hang out, concentrating just north of this area where there was/is half-pipe / ramps etc. (Image from 2009).
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This second image is looking immediately to the left of the one above (note the poster by the cones). So, you can see that yes, the skaters are close. But also, they are not right outside the house.
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Is that graffiti is some kind of threat or death marker? That's possible, I guess. But I don't see a huge amount backing it up. If it's connected to the murders at all, then I would hazard a guess that it's only in the sense that some angsty teen went to the park at night to spray it. Could it be the murderer? I can't rule it out. It's just not hugely probable to me.
They said it's commonly found in marker pens / various households items. I don't know if it's connected to reflective clothing. I've had people involved in the chemical field assure me that the 'dye' has zero significance, or, if it does, it's such a common one, that it's mere presence in the killer's bag won't tell me anything.
The park is well-lit. I can't say for sure what lighting was like in 2000 but from memory, photos just post the murders show streetlamps everywhere. I can assure you, the killer wouldn't have needed a flashlight at any point. As for the injuries themselves, from the discussions (with the person who was actually invited to do their post-mortem), he spoke only of stabbing and manual beating in the case of Yasuko and Niina. Rei, obviously manual strangulation. Stabbing in Mikio's case (though possible he did hit him while Mikio was defending himself).