Japan’s Echo Boomers Giving a Lift to Housing: Mortgages
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Japan’s shrinking economy is poised to get a lift from the children of baby boomers taking out their first mortgages with rates close to a three-year low.
As many as 19.1 million people, or 15 percent of the Japanese population, are in the 35 to 39 and 40 to 44 year-old age groups, the second- and third-largest, government data show. Combined, the two groups are roughly double the size of the postwar baby boom generation now in their early 60s, according to the Ministry of Internal Affairs and Communications.