This paper shows, using data from the Family Income and Expenditure Survey, that housing credit has become increasingly available over time in Japan, especially since 2000, and that this has made it easier for Japanese households to purchase housing and enabled them to do so at an earlier age. However, it also shows that the greater availability of housing credit has increased households’ housing loan repayment burden, which has resulted in their cutting back on their other consumption expenditures and created the potential for retirement insecurity. Another concern is that the increasing availability of housing credit has been accompanied by a pronounced shift from fixed-rate to variable-rate housing loans. This is cause for concern given the low level of financial literacy that prevails among the Japanese population and the likelihood that interest rates on variable-rate housing loans will be raised sooner or later as monetary policy is tightened.

本文使用来自家庭收支调查的数据显示，随着时间的推移，尤其是自2000年以来，日本越来越多地获得住房信贷，这使得日本家庭更容易购买住房并能够在日本购买住房。年龄较小。但是，这也表明，住房信贷的增加使家庭的住房贷款还款负担增加，这导致他们减少了其他消费支出，并可能导致退休后的不安全感。另一个担忧是，住房信贷的可用性不断提高，同时伴随着从固定利率住房贷款向浮动利率住房贷款的明显转变。