Higher Interest Rates Divide Japan's Young and Old
Japan's transition toward an economy with higher interest rates is creating sharply different outcomes for households, with younger generations facing rising mortgage repayments while older savers stand to benefit from increased deposit interest, following the Bank of Japan's decision to raise its policy rate by 0.25 percentage points to 1.25%. (News On Japan)
We haven't written up this one. News On Japan has the full story — the link below goes straight to it.
