Low interest rates cause spike in refinancing

| Apr 2, 2016

Low interest rates cause spike in refinancing

It has been more than a month since the Bank of Japan introduced negative interest rates in its bid to revitalize the economy. For consumers, the rate change is a mixed blessing. Obviously, interest on deposits will not go up any time soon, but ...

Tohoku is literally still waiting to move on

| Mar 5, 2016

Tohoku is literally still waiting to move on

Earlier this month, the NHK travel series, “Tsurube Toasts Families,” in which rakugo (traditional comic storyteller) performer Shofukutei Tsurube and a guest visit a town and talk to residents on an impromptu basis, went to some new communities in the area destroyed by the ...

The ups and downs of apartment elevators

| Feb 6, 2016

The ups and downs of apartment elevators

In the 2014 American movie, “5 Flights Up,” Morgan Freeman and Diane Keaton play an elderly couple who think about selling their two-bedroom Brooklyn apartment. Since they have lived in the unit all their married life, the decision is a difficult one, and the ...

Mounting student debt may cost society dearly

| Jan 23, 2016

Mounting student debt may cost society dearly

The education ministry conducted a survey in 2014 of institutes of higher learning and found that the average yearly tuition for private universities was ¥864,384. In addition, the average “entry fee” (nyūgakukin) was ¥261,089. Adding other expenses, the ministry estimated it cost a student ...