Japanese Housing System as a Catalyst and an Indicator of Socio-economic Developments
Abstract
The housing problem in Japan has been subsequently solved by means of long-term, low-interest rates mortgages and subsidies, public construction initiatives and company houses offerings. Mainstream of government housing policy and the preferences of the majority of the Japanese society was to create the society of private owners. This goal was achieved. The housing system became one of the significant factors of Japan's modernization, economic growth and new lifestyle. Nevertheless, economic, social and demographical changes, particularly during the last two decades, resulted in the transformation of the traditional housing policy to the market-oriented one. This will gradually intensify social inequality in Japan.
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Review
For citations:
Markaryan S. Japanese Housing System as a Catalyst and an Indicator of Socio-economic Developments. Yearbook Japan. 2013;42:101-119. (In Russ.)
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