An official from Japan's Financial Services Agency said that as the country's real estate market becomes more popular, Japan's financial regulators are stepping up scrutiny of ultra-long-term mortgage loans issued by Internet banks and other institutions. This type of housing loan, which can last up to 50 years, is becoming more common among young borrowers with average incomes. This type of loan can spread the repayment over a longer period of time, thereby reducing the amount of each installment. The official, who requested anonymity because related matters have not been disclosed, said that Japan's Financial Services Agency is concerned that once interest rates rise or borrowers' income falls, there will be a risk of repayment. The maximum repayment period for traditional Japanese housing mortgages is 35 years. However, as housing prices rose, more and more lenders, including SBI Shinsei Bank and Rakuten Bank, began to launch loan products with a term of 40 or even 50 years. The Financial Services Department official said that the supervisory authority plans to strengthen surveillance and will directly communicate with banks when necessary. The Financial Services Department declined to comment.

An official from Japan's Financial Services Agency said that as the country's real estate market becomes more popular, Japan's financial regulators are stepping up scrutiny of ultra-long-term mortgage loans issued by Internet banks and other institutions. This type of housing loan, which can last up to 50 years, is becoming more common among young borrowers with average incomes. This type of loan can spread the repayment over a longer period of time, thereby reducing the amount of each installment. The official, who requested anonymity because related matters have not been disclosed, said that Japan's Financial Services Agency is concerned that once interest rates rise or borrowers' income falls, there will be a risk of repayment. The maximum repayment period for traditional Japanese housing mortgages is 35 years. However, as housing prices rose, more and more lenders, including SBI Shinsei Bank and Rakuten Bank, began to launch loan products with a term of 40 or even 50 years. The Financial Services Department official said that the supervisory authority plans to strengthen surveillance and will directly communicate with banks when necessary. The Financial Services Department declined to comment.