Household debt rises by 7 trillion6,000 hundred million in a month, 7 month 23 day real estate grand forum to be held
A tally showed that household debt rose by 7 trillion6,000 hundred million won in a month. The government said it would attend the real estate grand forum on 7 month 23 day and keep supply, finance and tax measures on the table. Japanese 10-year government bond yields are nearing 3%, adding to the factors causing unease in financial markets.
Household debt was tallied as having increased by 7 trillion6,000 hundred million won in a month. This figure is explained as resulting from increased household borrowing related to real estate loans and stock investments.
President Lee will attend the real estate grand forum on 7 month 23 day. The government said it would discuss the issue with all supply, finance and tax measures kept on the table.
After landslides caused by torrential rain, Forest Service chief Park Eun-sik visited the site on 7 month 10 day to inspect the damage. Recovery from the landslides and responses in high-risk areas are under way.
Meanwhile, in Japan,10the government bond yield is approaching3%,30with reports saying it has reached its highest level in years. Rising overseas long-term interest rates are cited as a factor that could affect interest-rate-sensitive assets.
Domestic reports said that households’ “leveraged buying” and “debt-financed investing” are being cited as short-term factors behind the increase in debt. The government will7 month23 at a forum discuss measures to expand housing supply and stabilize finance and taxation.
Additional announcements related to the financial markets and the real economy could affect future market trends, making it necessary to check the relevant schedules and announcements.