Picture: Room in a Japanese house
"Naomasa Murata...getting a 94 per cent mortgage to buy a 31 million yen ($350,000) place...Ota..not far from Tokyo's Haneda airport was "easy", he says, adding that a floating interest rate of 0.875 per cent will not cause any cutbacks anywhere"
Source: Abenomics spurs buyers onto housing ladder
By Ben McLannahan and Nobuko Juji
Reprinted in Australian Financial Review
Tuesday 3rd September 2013, page 21