Visitors look out at the view while riding an escalator at Shibuya Sky, the observation deck at the rooftop of Shibuya Scramble Square in Tokyo, in 2020. Photo: Bloomberg
Visitors look out at the view while riding an escalator at Shibuya Sky, the observation deck at the rooftop of Shibuya Scramble Square in Tokyo, in 2020. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

The blessing and curse of Japan’s crazy low mortgage rates

  • As negative rates have pushed Japanese borrowers to take out variable-rate mortgages, even a modest increase in rates could come as a shock to them
  • However, with languishing residential property prices, at least Japan does not suffer the acute housing affordability problems facing other countries

Visitors look out at the view while riding an escalator at Shibuya Sky, the observation deck at the rooftop of Shibuya Scramble Square in Tokyo, in 2020. Photo: Bloomberg
Visitors look out at the view while riding an escalator at Shibuya Sky, the observation deck at the rooftop of Shibuya Scramble Square in Tokyo, in 2020. Photo: Bloomberg
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