{
 "id": "jp-houses",
 "name": "House prices, y/y",
 "region": "japan",
 "layer": "cycle",
 "unit": "%",
 "cadence": "quarterly",
 "state": "normal",
 "qualifier": "5.0 pp above",
 "threshold": {
  "label": "\u003c 0 for 2 quarters",
  "op": "lt",
  "value": 0
 },
 "distance": 5.035091,
 "score": 81.5,
 "latest": {
  "period": "2025-10-01",
  "value": 5.035091
 },
 "stale": true,
 "trend": "rising",
 "publisher": "Bank for International Settlements, from the MLIT residential property price index",
 "series_code": "WS_SPP Q.JP.N.628",
 "licence": "BIS terms of use: free reuse with attribution",
 "description": "Nominal residential property prices, all dwellings, as a change over four quarters, from the BIS's selected series, which restate the MLIT residential property price index on a common base. Housing is the largest asset households own and the collateral behind most private credit, so a year-on-year fall in prices marks the point at which a slowdown reaches balance sheets. The series was added in September 2026 after an outside review.",
 "points": [
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   "period": "1956-01-01",
   "value": 13.913633
  },
  {
   "period": "1956-04-01",
   "value": 16.897081
  },
  {
   "period": "1956-07-01",
   "value": 19.670105
  },
  {
   "period": "1956-10-01",
   "value": 23.122457
  },
  {
   "period": "1957-01-01",
   "value": 26.337726
  },
  {
   "period": "1957-04-01",
   "value": 25.774357
  },
  {
   "period": "1957-07-01",
   "value": 25.341026
  },
  {
   "period": "1957-10-01",
   "value": 24.075187
  },
  {
   "period": "1958-01-01",
   "value": 22.961636
  },
  {
   "period": "1958-04-01",
   "value": 23.81194
  },
  {
   "period": "1958-07-01",
   "value": 24.590816
  },
  {
   "period": "1958-10-01",
   "value": 24.193418
  },
  {
   "period": "1959-01-01",
   "value": 23.832886
  },
  {
   "period": "1959-04-01",
   "value": 23.755334
  },
  {
   "period": "1959-07-01",
   "value": 23.685171
  },
  {
   "period": "1959-10-01",
   "value": 23.332756
  },
  {
   "period": "1960-01-01",
   "value": 23.013908
  },
  {
   "period": "1960-04-01",
   "value": 24.852913
  },
  {
   "period": "1960-07-01",
   "value": 26.418469
  },
  {
   "period": "1960-10-01",
   "value": 32.348963
  },
  {
   "period": "1961-01-01",
   "value": 37.742179
  },
  {
   "period": "1961-04-01",
   "value": 38.202756
  },
  {
   "period": "1961-07-01",
   "value": 38.70883
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  {
   "period": "1961-10-01",
   "value": 32.034724
  },
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   "period": "1962-01-01",
   "value": 26.464105
  },
  {
   "period": "1962-04-01",
   "value": 22.105679
  },
  {
   "period": "1962-07-01",
   "value": 18.301506
  },
  {
   "period": "1962-10-01",
   "value": 16.964743
  },
  {
   "period": "1963-01-01",
   "value": 15.740616
  },
  {
   "period": "1963-04-01",
   "value": 14.67235
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  {
   "period": "1963-07-01",
   "value": 13.675556
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   "period": "1963-10-01",
   "value": 13.636911
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  {
   "period": "1964-01-01",
   "value": 13.600739
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   "period": "1964-04-01",
   "value": 13.973084
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  {
   "period": "1964-07-01",
   "value": 14.285491
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  {
   "period": "1964-10-01",
   "value": 14.544822
  },
  {
   "period": "1965-01-01",
   "value": 14.788449
  },
  {
   "period": "1965-04-01",
   "value": 12.237347
  },
  {
   "period": "1965-07-01",
   "value": 9.868358
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  {
   "period": "1965-10-01",
   "value": 7.937032
  },
  {
   "period": "1966-01-01",
   "value": 6.134715
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  {
   "period": "1966-04-01",
   "value": 6.965325
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   "period": "1966-07-01",
   "value": 7.784427
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  {
   "period": "1966-10-01",
   "value": 8.823457
  },
  {
   "period": "1967-01-01",
   "value": 9.826506
  },
  {
   "period": "1967-04-01",
   "value": 11.88676
  },
  {
   "period": "1967-07-01",
   "value": 13.888616
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  {
   "period": "1967-10-01",
   "value": 15.405459
  },
  {
   "period": "1968-01-01",
   "value": 16.842555
  },
  {
   "period": "1968-04-01",
   "value": 17.239708
  },
  {
   "period": "1968-07-01",
   "value": 17.561322
  },
  {
   "period": "1968-10-01",
   "value": 18.500748
  },
  {
   "period": "1969-01-01",
   "value": 19.369255
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  {
   "period": "1969-04-01",
   "value": 20.914572
  },
  {
   "period": "1969-07-01",
   "value": 22.406583
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  {
   "period": "1969-10-01",
   "value": 22.529792
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  {
   "period": "1970-01-01",
   "value": 22.641361
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  {
   "period": "1970-04-01",
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  {
   "period": "1970-07-01",
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  {
   "period": "1970-10-01",
   "value": 19.032331
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  {
   "period": "1971-01-01",
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  {
   "period": "1971-04-01",
   "value": 16.770386
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  {
   "period": "1971-07-01",
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  {
   "period": "1971-10-01",
   "value": 15.040529
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   "period": "1972-01-01",
   "value": 14.360427
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  {
   "period": "1972-04-01",
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   "period": "1972-07-01",
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  {
   "period": "1972-10-01",
   "value": 22.732763
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  {
   "period": "1973-01-01",
   "value": 28.995332
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  {
   "period": "1973-04-01",
   "value": 33.605059
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   "period": "1973-07-01",
   "value": 37.945597
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  {
   "period": "1973-10-01",
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   "value": 26.194758
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   "period": "1974-04-01",
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   "period": "1974-07-01",
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  {
   "period": "1974-10-01",
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  {
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   "period": "1975-07-01",
   "value": -5.241452
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  {
   "period": "1975-10-01",
   "value": -1.988557
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   "period": "1976-01-01",
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   "period": "1976-04-01",
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  {
   "period": "1976-07-01",
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   "period": "1976-10-01",
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   "period": "1978-07-01",
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   "period": "1978-10-01",
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   "period": "1979-10-01",
   "value": 11.38375
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   "period": "1980-01-01",
   "value": 12.700434
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  {
   "period": "1980-04-01",
   "value": 13.206768
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   "period": "1980-07-01",
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   "period": "1980-10-01",
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   "period": "1988-01-01",
   "value": 8.321003
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   "period": "1988-04-01",
   "value": 6.179704
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   "period": "1988-07-01",
   "value": 4.128777
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   "period": "1988-10-01",
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   "value": 12.817168
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   "value": 14.038526
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   "value": -0.159766
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   "value": -1.542634
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   "value": -1.142732
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   "value": -1.246647
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   "value": -4.199977
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   "period": "2009-04-01",
   "value": -5.031458
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   "period": "2009-07-01",
   "value": -3.003573
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   "period": "2009-10-01",
   "value": -2.846158
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   "period": "2010-01-01",
   "value": 0.403192
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   "period": "2010-04-01",
   "value": 2.115382
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   "period": "2010-07-01",
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   "value": 0.836677
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   "period": "2011-04-01",
   "value": 0.200451
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   "value": 0.232528
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   "value": -1.100375
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   "value": -1.45793
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   "period": "2012-10-01",
   "value": -0.436712
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   "period": "2013-01-01",
   "value": -0.466972
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   "period": "2013-04-01",
   "value": 1.719445
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  {
   "period": "2013-07-01",
   "value": 2.488259
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   "period": "2013-10-01",
   "value": 2.800274
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   "period": "2014-01-01",
   "value": 3.083086
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   "period": "2014-04-01",
   "value": 1.491623
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   "period": "2014-07-01",
   "value": 1.082685
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  {
   "period": "2014-10-01",
   "value": 0.590794
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   "period": "2015-01-01",
   "value": 2.373176
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   "period": "2015-04-01",
   "value": 2.514715
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   "period": "2015-07-01",
   "value": 2.856139
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  {
   "period": "2015-10-01",
   "value": 1.95752
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   "period": "2016-01-01",
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   "value": 2.96267
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   "period": "2016-10-01",
   "value": 2.528046
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   "value": 3.906235
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  {
   "period": "2017-04-01",
   "value": 2.011188
  },
  {
   "period": "2017-07-01",
   "value": 2.449562
  },
  {
   "period": "2017-10-01",
   "value": 1.810242
  },
  {
   "period": "2018-01-01",
   "value": 1.533797
  },
  {
   "period": "2018-04-01",
   "value": 1.910759
  },
  {
   "period": "2018-07-01",
   "value": 1.785687
  },
  {
   "period": "2018-10-01",
   "value": 2.513831
  },
  {
   "period": "2019-01-01",
   "value": 2.310412
  },
  {
   "period": "2019-04-01",
   "value": 1.934572
  },
  {
   "period": "2019-07-01",
   "value": 1.24896
  },
  {
   "period": "2019-10-01",
   "value": 0.956888
  },
  {
   "period": "2020-01-01",
   "value": -0.434243
  },
  {
   "period": "2020-04-01",
   "value": -0.700759
  },
  {
   "period": "2020-07-01",
   "value": -0.117523
  },
  {
   "period": "2020-10-01",
   "value": 1.569893
  },
  {
   "period": "2021-01-01",
   "value": 3.343949
  },
  {
   "period": "2021-04-01",
   "value": 5.468966
  },
  {
   "period": "2021-07-01",
   "value": 8.144662
  },
  {
   "period": "2021-10-01",
   "value": 6.824192
  },
  {
   "period": "2022-01-01",
   "value": 9.060278
  },
  {
   "period": "2022-04-01",
   "value": 9.199877
  },
  {
   "period": "2022-07-01",
   "value": 7.857584
  },
  {
   "period": "2022-10-01",
   "value": 7.534751
  },
  {
   "period": "2023-01-01",
   "value": 4.747126
  },
  {
   "period": "2023-04-01",
   "value": 3.242289
  },
  {
   "period": "2023-07-01",
   "value": 2.142624
  },
  {
   "period": "2023-10-01",
   "value": 2.030981
  },
  {
   "period": "2024-01-01",
   "value": 2.487724
  },
  {
   "period": "2024-04-01",
   "value": 2.769577
  },
  {
   "period": "2024-07-01",
   "value": 3.233023
  },
  {
   "period": "2024-10-01",
   "value": 2.786805
  },
  {
   "period": "2025-01-01",
   "value": 4.686342
  },
  {
   "period": "2025-04-01",
   "value": 3.65737
  },
  {
   "period": "2025-07-01",
   "value": 4.327011
  },
  {
   "period": "2025-10-01",
   "value": 5.035091
  }
 ],
 "url": "https://worldstat.us/indicator/jp-houses"
}