BOJ Says Rising Wages Help Japanese Households Absorb Higher Rates
The BOJ says Japanese households have so far weathered rising mortgage rates, with employment and income improvements helping offset higher repayment costs.
Japanese households have so far managed rising mortgage rates, indicating the Bank of Japan may have scope to keep lifting interest rates. The BOJ said that, although repayment amounts are expected to keep increasing with a lag as rates rise, employment and income conditions have improved…