Wednesday, September 04, 2013

Low interest rates in Asia for housing give competitive advantage in stimulating economies


Picture: High rise apartments, Tokyo


"Bank of Tokyo- Mitsubishi, the largest unit of Japan's biggest financial group by assets, says that in September it will reduce its 10-year fixed mortgage rate for most borrowers from 1.7 per cent to 1.5 per cent a year"


Source: Abenomics spurs buyers onto housing ladder
By Ben McLannahan and Nobuko Juji
Financial Times
Reprinted in Australian Financial Review
Tuesday 3rd September 2013, page 21