Japan never cleaned up the debt created by its banking system during the Lost decade. This enormous debt makes it harder for young people to own their own place

Japan never cleaned up the debt created by its banking system during the Lost decade. This enormous debt makes it harder for young people to own their own place, in effect tget rent from the bank through loans. This is despite that Japans population is shrinking and there should be more houses on the market. Free debt creation creates a generational ladder where older generations own their houses and younger rent due to high debt creation. Old could buy before the exponential growth of debt was created. Lost decade https://en.m.wikipedia.org/wiki/Lost_Decade_(Japan) https://en.m.wikipedia.org/wiki/Lost_Decade_(Japan) Demographic https://en.m.wikipedia.org/wiki/Demographics_of_Japan https://en.m.wikipedia.org/wiki/Demographics_of_Japan