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Mortgage Loan Repayment Extensions and Exemptions Due to Coronavirus

The Financial Services Agency (FSA) and the Japan Bankers Association plan to create special measures to reduce or exempt mortgage repayments from individuals and sole proprietors whose incomes have fallen sharply due to the effect of the novel coronavirus. The... More

Land Values Plummet in Japan’s Urban Areas on Coronavirus Effect: 2020 Q2 LOOK Report

Land prices dropped in 38 of 100 of locations surveyed by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in its Q2 2020 LOOK Report, which surveys land price trends for intensively used commercial and residential land in major... More

Resale apartment prices in Tokyo up in July, for the first time in five months

The average listing price for a resale apartment in the greater Tokyo area was ¥36,870,000 ($346,000) in July, the first time in five months that the average price increased compared to the previous month. The first novel coronavirus cases were... More

2020 Japan and the World in Review: March 2020 Timeline

A summary of important events in Japan and the world in March 2020. March overview: Prime Minister Abe declares “war” on the coronavirus. The World Health Organization (WHO) declares the coronavirus a pandemic (March 11th) and that Europe is the... More

2020 Japan and the World in Review: February 2020 Timeline

A summary of important events in Japan and the world in February 2020. February overview: Diamond Princess coronavirus cluster Japan’s first COVID-related death Global market turmoil Schools in Japan temporarily close Tokyo Olympic organizers insist that the games will go... More

2020 Japan and the World in Review: January 2020 Timeline

A summary of important events in Japan and the world in January 2020. January overview: Japan issues an arrest warrant for Carlos Ghosn (Jan 2nd) China officially notifies the World Health Organization (WHO) of an outbreak Coronavirus cases start to... More

Average Price of a New Apartment in Greater Tokyo Rises for 8th Consecutive Year

In the first half of 2020, the average sales price of a new apartment in greater Tokyo reached ¥66,680,000 ($623,000), the eighth consecutive year in which the average price has increased in the first half of the year. This is... More