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    The Housing Market and Housing Policies in Japan

    Kobayashi, Masahiro | March 2016
    Abstract
    Housing policies in Japan after World War II were focused on the quantitative supply of houses with a wide range of targeted groups and public rental houses. The Japan Housing Corporation (now the Urban Renaissance Agency) and the Government Housing Loan Corporation (now the Japan Housing Finance Agency) have served to address these policy targets accordingly. The restoration of housing stock was successful, but the collapse of the property bubble in the early 1990s caused negative impact on the real economy and created persistent loss of confidence among the Japanese people, which is exacerbated by deflation and negative demographic factors (decrease of the population and aging of society). Enhancement of the quality of houses is an important part of the housing policy in Japan, but, at the same time, there needs to be a balance between new construction and the activation of existing housing stocks. Given the social experiments currently underway, there is need to closely monitor the changes of market trends.
    Citation
    Kobayashi, Masahiro. 2016. The Housing Market and Housing Policies in Japan. © Asian Development Bank Institute. http://hdl.handle.net/11540/9754.
    Keywords
    Rural planning
    Economic development
    Economic indicators
    Standard of living
    Development projects
    Development policy
    Housing projects
    Development models
    Social reform
    Urban planning
    Public Borrowing
    Credit Policy
    Banks
    Cultural Development
    Development Economics
    Development Issues
    Financial Sector Development
    Infrastructure Development
    Urban Development Finance
    Financing
    Financial System
    Financial Sector Reform
    Financial Institution
    Bank Financing
    Real estate development
    Housing development
    Community banks
    Mortgage banks
    Housing policy
    Tax administration and procedure
    Real property and taxation
    Property tax
    Credit control
    Banks and banking
    Title companies
    Tax deductions
    Accounts
    Savings
    Inheritance and transfer tax
    Trusts and trustees
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/9754
    Metadata
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    adbi-wp558.pdf (1.985Mb)
    Author
    Kobayashi, Masahiro
    Theme
    Development
    Finance
    Labor Migration
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise