boj minutes, 2019-12-19
Looking at the number of housing starts, (1) owned houses had seen a decrease in demand, although to a small extent compared with the previous tax hike, 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