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
Opinion
Opinion
The View
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
