The household sector has more deposits than debts, and the rise in interest rates will be positive for the household sector as a whole,” said Taro Saito, Director of Economic Research, Nissay Research Institute (based on “Preliminary Report on Flow of Funds for the Second Quarter of 2023,” Research and Statistics Department, Bank of Japan).
Not Just a Bad Thing! Rising long-term interest rates increase interest payments on the “national debt”… but is it a plus for families?
|NEWS