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Massive Surge In Japanese Housing Points To I R Hikes

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Japanese housing starts surged 15% in March
from a year ago, the third straight monthly rise, according to reports issued Wednesday by the Ministry of Land, Infrastructure and Transport.
Housing construction starts across the three categories of owner-occupied homes, rental units, and units for sale rose to 111,260, the ministry said.
Construction starts of owner-occupied houses rose by 2.6%, rental properties by 14.3% and homes for sale by 30%. In terms of building type, condominium starts gained the most, surging 55.8%.
Urban Tokyo saw housing starts jump 18.2%

The long awaited IR hikes from our creditor is not far away now. :)

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It was a property boom and astronomical land prices that lead to the recent long recession in Japan. The BoJ will be painfully aware of this. If the housing market in Japan is starting to inflate too fast then I would think the BoJ will move sooner, to raise rates, rather than see a repeat boom / bust in a few years time.

Wouldn't it be ironic if fear of a property boom in Japan was instrumental in bursting the bubble over here. :lol:

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sweet jesus, but bound to happen with funny IRs, the sooner jap is a normal economy again the better, sounds like this is happening quicker than anyone imagined.

Edited by moosetea

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