On March 30th, the Japan Housing Finance Agency (JHF) announced the amount of new mortgage loans by business category for the October to December period of 2021 and compared the data to the same period in 2020.

According to the JHF, new mortgages by financial institutions totaled 5,425.6 billion yen, down 2% Year-on-Year (YoY).  

Of this amount, domestic banks accounted for the largest share at 3,915.0 billion yen (+0.4% YoY), followed by JHF’s own Flat 35 loan at 491.7 billion yen (-14.3% YoY), labour banks at 440.4 billion yen (-4.3% YoY), and credit unions at 419.2 billion yen (-1.4% YoY). 

The largest percentage of mortgage lending increase came from life insurance companies at 20.8 billion yen (+9.6% YoY).

Further Reading

Japan Housing Finance Agency October to December 2021 new loan report (Japanese only; March, 2022)

Survey highlights on Japan housing loan lending trends for 2021 (REthink Tokyo; February, 2022)