The tax panel of the ruling Liberal Democratic Party basically agreed Wednesday to maintain tax breaks for housing loans for two to three years, albeit on a reduced scale, sources within the party said.

Under the current system, people repaying housing loans can deduct up to 5.87 million yen over 15 years.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.