More Houses in Japan May Actually Drag Down Inflation

Kuroda called the investment increase a sign policy is working.
From

Rising housing investment is a sign that the Bank of Japan’s negative-rate policy is working, according to Bank of Japan Governor Haruhiko Kuroda. But it also has a lot to do with tax changes, and ironically, the increasing supply of new homes might drag down Japan’s inflation rate, the opposite of what Kuroda wants.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.