TOKYO -- The outstanding balance of mortgage loans continues to swell in Japan, topping 220 trillion yen ($1.5 trillion) at the end of June, but the asset value of houses remains stagnant in sharp contrast with the U.S., where the value of homes has climbed faster than mortgage liabilities.
About 70% of new homebuyers in Japan opt for variable-rate mortgages, exposing themselves to rising interest rates.
Datawatch
Japan mortgage balances soar despite slowing property values
Total outstanding loans top $1.5tn but BOJ rate risk looms
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