Interesting - I think the same logic could probably explain the house price depreciation discussed in the article too. The accounting / mortgage rules Kohsuke m

Interesting - I think the same logic could probably explain the house price depreciation discussed in the article too. The accounting / mortgage rules Kohsuke mentioned above would definitely have a very positive effect on the construction industry, and the Japanese government has a history of expensive net-negative schemes to help this industry (see also: concrete rivers).