boj minutes, 2020-01-21
Looking at the number of housing starts, (1) owned houses had seen a decrease in demand, albeit to a small extent compared with that of the previous tax hike in 2014, and (2) detached houses built for sale had been more or less flat, albeit with fluctuations that resulted from developments in large-scale properties, whereas (3) housing for rent continued on a downtrend, mainly against the background of waning demand for tax saving and asset management as well as cautious lending attitudes of financial institutions.
Sentiment: neutral
Topic: mp_economic_activity