For example, Japanese households face greater borrowing constraints than households in the United States and must save a great deal to purchase a home.
Japanese households have more constraints on borrowing than Americans do, needing a 50% down payment.
mnli hypothesis: Japanese households have more constraints on borrowing than Americans do, needing a 50% down payment. premise: For example, Japanese households face greater borrowing constraints than households in the United States and must save a great deal to purchase a home.