In Japan, there is a shortage of long-term care facilities for the elderly and families are having difficulty supporting the elderly at home. Thus, the elderly in Japan often want to move to municipalities that have a greater availability in long-term care facilities. The purpose of this paper...

In Japan, there is a shortage of long-term care facilities for the elderly and families are having difficulty supporting the elderly at home. Thus, the elderly in Japan often want to move to municipalities that have a greater availability in long-term care facilities. The purpose of this paper...

Housing policies in Japan after World War II were focused on the quantitative supply of houses with a wide range of targeted groups and public rental houses. The Japan Housing Corporation (now the Urban Renaissance Agency) and the Government Housing Loan Corporation (now the Japan Housing...

Housing policies in Japan after World War II were focused on the quantitative supply of houses with a wide range of targeted groups and public rental houses. The Japan Housing Corporation (now the Urban Renaissance Agency) and the Government Housing Loan Corporation (now the Japan Housing...

Japan, like most of the developed world, faces potentially extreme demographic shortfalls brought on by a rapidly aging society with a long life expectancy and low birthrate. Where other western countries have utilized greater levels of immigration to help fight these tendencies, immigration...

Japan, like most of the developed world, faces potentially extreme demographic shortfalls brought on by a rapidly aging society with a long life expectancy and low birthrate. Where other western countries have utilized greater levels of immigration to help fight these tendencies, immigration...

Public housing was once an important strand in western housing policies, but is seldom seen as a mainstream policy instrument for the future. In contrast, in many East Asian countries large public housing programs are underway. Behind these generalizations, there are exceptions, too. By...

Public housing was once an important strand in western housing policies, but is seldom seen as a mainstream policy instrument for the future. In contrast, in many East Asian countries large public housing programs are underway. Behind these generalizations, there are exceptions, too. By...

A model of the term structure of lease rates in a frictionless economy is developed and its predictions are compared with data on residential leases in Japan. The model shows that the initial lease rate for a cancellable lease must be set higher than that for a non-cancellable lease because the...