Higher mortgage rates for homeowners
NHK -- Aug 07
The Bank of Japan last week decided to allow the yield on the 10-year government bond to move in a wider range.

The yield had already been inching upward. Now, banks and other lenders are responding with rate hikes of their own. That means higher costs for borrowers, including people with mortgages.

Resona Bank has raised its prime interest rate on 10 year fixed-rate housing loans by 0.05 percentage point. It's been 0.75 percent since Wednesday.

Mizuho Bank and Sumitomo Mitsui Trust Bank hiked the interest rates on their 15-year and 20-year fixed-rate loans by 0.05 percentage point.

Analysts expect mortgage costs to continue rising as long as that government-bond yield continues creeping up.

News source: NHK
Apr 02
As the new coronavirus spreads in Japan, some foreigners in the country lack information due to language barriers. (NHK)
Dec 26
The average winter bonus for workers at major Japanese businesses rose 1.77 percent from a year earlier to a record ¥951,411 this year, a survey showed Wednesday. (Japan Times)
May 03
Finance ministers and central bank governors of the ASEAN states, along with Japan, China, and South Korea say they will discuss a plan to incorporate Japanese and Chinese currencies in a swap program to ensure financial stability in the region. (NHK)
Mar 26
Tokyo's benchmark Nikkei Average saw its biggest fall of 2019. The drop followed a plunge on Friday on Wall Street that came amid new worries of an economic slowdown. (NHK)
Mar 20
As trade talks between Japan and the US look likely to start soon, and the price of oil drops in Japan, the value of the Yen is increasingly under threat of deflation. (newsonjapan.com)
Mar 20
The average price of all types of land in urban areas rose last year for the first time since 1992 as the growing influx of foreign tourists rejuvenated real estate investment, the government said Tuesday. (Japan Times)
Mar 19
The Japanese economy will likely once again be assessed as "recovering at a moderate pace" in the government's monthly report due out Wednesday, which also will note potential risks from overseas economies. (Nikkei)
Mar 16
Japan will tighten oversight of pay for foreign employees through ordinances issued Friday, aiming to address major concerns over working conditions as the country prepares to accept more labor from abroad starting next month. (Nikkei)
Mar 09
Since the 2008 global financial crisis, expansionary monetary policy has been the order of the day in most of the major advanced economies. (Japan Times)
Mar 08
Chief Cabinet Secretary Yoshihide Suga denied a media report Thursday that the government is considering introducing a minimum wage for specific industrial sectors that would apply to workers nationwide, regardless of where they live. (Japan Times)