Unlocking Housing Equity in Japan

Prior literature on asset patterns among the elderly often overlooks housing wealth as a determinant of retiree wealth, particularly in the Japanese context. Yet releasing equity in housing may be a natural mechanism to boost consumption, reduce public pension liability, and mitigate the demand for

既往关于老年群体资产配置模式的研究往往忽视了住房财富（housing wealth）作为退休人员财富决定因素的作用，在日本语境下尤为如此。然而，释放住房资产净值（equity in housing）或可成为提振消费、降低公共养老金负债（public pension liability）并缓解对……的需求的天然机制。