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Data Analysis for Monitoring Japan's Real Estate Market

Author

Listed:
  • Yuichiro Ito

    (Bank of Japan)

  • Ichiro Muto

    (Bank of Japan)

  • Yasutaka Takizuka

    (Bank of Japan)

Abstract

Large movements in the real estate market not only magnify fluctuations in the real economy but also destabilize the financial system. For this reason, it is quite important for central banks to monitor real estate market trends both in terms of monetary policy and prudential policy. Based on recently enhanced statistics, this article presents a data analysis for monitoring the real estate market from three perspectives: 1) real estate transactions; 2) real estate prices; and 3) real estate finance. In so doing, we explain that dispersions in real estate prices are valuable indicators in detecting overheating of the real estate market.

Suggested Citation

  • Yuichiro Ito & Ichiro Muto & Yasutaka Takizuka, 2015. "Data Analysis for Monitoring Japan's Real Estate Market," Bank of Japan Review Series 15-E-2, Bank of Japan.
    • Handle: RePEc:boj:bojrev:rev15e02
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    File URL: http://www.boj.or.jp/en/research/wps_rev/rev_2015/data/rev15e02.pdf
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    Cited by:

    1. Ocker, Fabian & Ehrhart, Karl-Martin, 2017. "The “German Paradox” in the balancing power markets," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 892-898.
    2. Richter, Philipp M. & Schiersch, Alexander, 2017. "CO2 emission intensity and exporting: Evidence from firm-level data," European Economic Review, Elsevier, vol. 98(C), pages 373-391.

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