TOKYO -- Japan will likely see an excess supply of 10 million dwelling units in 2023, due partly to government housing policy through the 2000s that ignored falling demand caused by a shrinking population. The glut will further aggravate the problem of unoccupied homes, which topped 8.49 million in 2018.
Japan's push for housing quantity over quality has produced many homes that do not meet current earthquake and energy-saving standards.
Datawatch
More empty homes: Japan's housing glut to hit 10m in 2023
Government continued to encourage house-building despite population decline
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