Lower Mortgage Rates Driven by Monetary Easing
First written in FY2017-Q1. 13 of 23 entries say "Restated". Latest entry: 2026-07-31.
Fuji Corporation Limited moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2020: 6 of 16 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- 2026-07-31ReframedEarnings
「As the Bank of Japan decided to raise its policy rate at its June monetary policy meeting and further gradual rate increases are expected, the interest-rate environment is entering a major period of transition, with long-term interest rates also trending upward.」
The company explicitly cited a policy-rate hike, expected gradual further hikes and rising long-term interest rates. - FY2026ReframedAnnual report
「In monetary policy, the Bank of Japan continued to normalize policy and interest rates faced upward pressure, although rates remained low.」
The explanation has shifted from demand being supported by low interest rates and monetary easing to acknowledging policy normalisation and upward pressure on interest rates, while stating that interest rates remain low. - 2026-05-01ReframedEarnings
「In monetary policy, the Bank of Japan continued to normalize policy and interest rates faced upward pressure, although rates remained low.」
The company described policy normalization and upward pressure on interest rates while stating that interest-rate levels remained low. - FY2026-H1ReframedAnnual report
「Although monetary policy has been maintained at current levels, the upward trend in long-term interest rates is affecting funding costs and may act as a constraint on household and corporate investment and consumption.」
Compared with the previous explanation that monetary easing and low interest rates supported housing demand, the company now explicitly states that, while monetary policy remains unchanged, higher long-term interest rates may raise funding costs and constrain investment and consumption. - FY2025ReframedAnnual report
「Although the Bank of Japan's review of its policy rate raised concerns about its impact on purchasing power, the economy recovered moderately and wages rose, while the increase in interest rates was slight. As a result, the real estate market remained solid.」
The explanation has shifted to one that acknowledges the review of the policy rate, but states that the rise in interest rates was slight and the real estate market remained solid. - FY2025-H1ReframedAnnual report
「At present, the rise in mortgage rates is limited, and although we feel that changes in financial conditions have had little impact,」
The explanation has shifted to one that, although interest rates have been raised, the rise in mortgage rates and the impact of changes in financial conditions are currently limited. - FY2024ReframedAnnual report
「With regard to interest rates, fixed mortgage rates have risen, but the impact on variable rates has been limited, so we believe this has not gone so far as to dampen the desire to purchase homes, which has remained firm.」
The assessment has shifted from the previous view of a low-interest-rate environment to one in which fixed rates have risen, while the impact on variable rates has been limited and the desire to purchase homes remains firm. - FY2024-Q2ReframedAnnual report
「The Bank of Japan has maintained its policy of continuing monetary easing, and concerns about higher interest rates have receded from previous levels. In addition, financial institutions have been proactive in supporting home purchases by offering higher wages, longer mortgage repayment periods and higher lending limits, among other measures. The environment promoting home purchases has therefore improved from before, and we do not expect it to deteriorate significantly.」
In addition to the previous view of monetary easing and low interest rates, the company explicitly identifies easing concerns about higher interest rates, wage growth, changes in mortgage terms and financial institutions' support for home purchases as factors underpinning housing demand. - FY2023RestatedAnnual report
「The support provided by the low-interest-rate environment has had a positive effect, and the Group's recent performance has remained solid.」
The view that low interest rates are an environmental factor supporting housing and real estate demand continues to be maintained. - FY2023-Q2RestatedAnnual report
「Although low interest rates are providing a floor for demand,」
Low interest rates continue to be cited as a business environment supporting housing demand. - FY2022-Q3RestatedAnnual report
「Against a backdrop of continued low interest rates and various government measures supporting home purchases,」
Low interest rates and the government's home-purchase support measures continue to be cited as the environment supporting housing demand. - FY2022-Q2RestatedAnnual report
「In the real estate industry, against a backdrop of low interest rates and government economic policies, interest in housing increased as teleworking (working from home) became more widespread during the COVID-19 pandemic,」
Low interest rates and the government's economic policies continue to be cited as the environment supporting housing demand. - FY2021-Q3RestatedAnnual report
「Against a backdrop of low interest rates and government economic policies, real estate transactions have remained solid as business activity resumed after the state of emergency was lifted in May 2020.」
Low interest rates and the government's economic policies continue to be cited as the business environment supporting real estate transactions. - FY2021-Q2RestatedAnnual report
「Against a backdrop of low interest rates and government economic policies, real estate transactions gradually recovered as business activity resumed after the state of emergency was lifted.」
Low interest rates and the government's economic policies continue to be cited as the business environment supporting the recovery in real estate transactions. - FY2020RestatedAnnual report
「More intense competition to acquire high-quality land for housing development and rising land prices resulting from monetary easing」
The disclosure continues to describe monetary easing as a business-environment factor affecting not only financing conditions but also competition to acquire land for housing development and rising land prices. - FY2020-Q3RestatedAnnual report
「Against the backdrop of favorable financing conditions under low interest rates resulting from monetary easing,」
The disclosure continues to describe low interest rates and favorable financing conditions supported by monetary easing as part of the business environment. - FY2020-Q2RestatedAnnual report
「Against the backdrop of low financing costs resulting from monetary easing,」
The disclosure continues to describe low financing costs supported by monetary easing as part of the business environment. - FY2020-Q1RestatedAnnual report
「Against the backdrop of low financing costs resulting from monetary easing,」
The disclosure continues to describe low financing costs supported by monetary easing as part of the business environment. - FY2019-Q3RestatedAnnual report
「Against the backdrop of financing conditions resulting from monetary easing,」
The disclosure continues to recognize financing conditions supported by monetary easing. - FY2019-Q1RestatedAnnual report
「Against the backdrop of financing conditions resulting from monetary easing,」
The disclosure continues to recognize financing conditions supported by monetary easing. - FY2018-Q3ReframedAnnual report
「Against the backdrop of improved financing conditions resulting from monetary easing,」
The description has shifted from lower mortgage rates to improved financing conditions related to the acquisition of real estate land and other activities. - FY2017-Q2RestatedAnnual report
「The further decline in mortgage rates under the negative interest rate policy supported homebuyers' motivation to purchase.」
The disclosure continues to recognize monetary easing and low interest rates as external factors supporting home purchases. - FY2017-Q1First statedAnnual report
「Mortgage rates fell further as a result of the Bank of Japan's additional monetary easing measures.」
The financial environment affecting housing demand is described as a fact concerning the external environment.