Japan housing loan disbursements reach 525 trillion yen in Q4 2024
The Japan Housing Finance Agency (JHF) announced on March 14 that new housing loan disbursements by financial institutions for the October–December 2024 quarter totaled ¥5.2555 trillion, a slight decline of 0.3% year-on-year (YoY), in other words compared to the same quarter in 2023.
Breakdown by Institution Type
Domestic banks: ¥4.123 trillion (+1.2% YoY)
Labor banks (Rōkin): ¥429.1 billion (+9.8% YoY)
Credit unions (Shinkin): ¥363.8 billion (-8.5% YoY)
JHF's "Flat 35": ¥196.2 billion (-13.3% YoY)
Despite the slight quarterly decline, cumulative loan disbursements from April to December 2024 reached ¥15.9662 trillion, marking a 5.4% YoY increase.
Historical Trends
A quarterly year-on-year comparison reveals steady growth in housing loan disbursements:
Fiscal Year 2024 (April–December): ¥15.9662 trillion (+5.4% YoY)
April–June: ¥5.2036 trillion
July–September: ¥5.5071 trillion
October–December: ¥5.2555 trillion
Fiscal Year 2023 (April–December): ¥15.1539 trillion
April–June: ¥4.7007 trillion
July–September: ¥5.1811 trillion
October–December: ¥5.2720 trillion
While domestic banks and labor banks saw notable increases in disbursements, credit unions and JHF’s "Flat 35" loans experienced declines, contributing to the slight dip in Q4.
Sources:
R.E. Port News (Japanese only)
