The Bank of Japan raised its policy rate to 1.25%. While this has raised concerns about the impact on household finances, some residents say that “it’s still low compared with the past.” Toyama Prefecture is reported to rank third nationwide for the homeownership rate.
The Bank of Japan announced that it had raised its policy rate to 1.25% at its monetary policy meeting. Attention is focused on the impact that future price trends and interest rate levels will have on household finances.
Although the perceived burden on household finances varies by age and income, some residents say that the burden of housing loans has become lighter compared with the past.
Meanwhile, Toyama Prefecture’s homeownership rate is high, ranking third nationwide, according to reports.