Kuroda stimulus policies backfire as mortgage costs rise

May 9, 2013

Kuroda stimulus policies backfire as mortgage costs rise

by Yumi Ikeda

Bank of Japan Gov. Haruhiko Kuroda’s stimulus policies are backfiring in the housing market, where mortgage rates are rising even as the central bank floods the financial system with cash. Fixed 35-year home-loan costs rose to 1.81 percent this month, the first increase since ...