Manya Rathore
Research expert covering India
Mortgages in Japan - statistics & facts
Japanese lenders and home loan borrowers find themselves in a new environment in 2024. Accustomed to a decades-long phase of low interest rates, many mortgage holders have opted for variable rate loans that expose consumers to the risk of interest rate fluctuations. Adjustable home loan rates remained constant for over a decade until changes in monetary policy over the past year led to the first increase in 16 years in September 2024. As a result, homeowners in Japan are faced with higher borrowing costs.
