Time Value of Japanese Paper

I wonder, if 15 years ago, there was a bunch of Japanese analysts, shorting Japanese Government Bonds as they kept going, lower, and lower, and lower, and lower.  Probably.  That’s what makes markets.

Check this out. 

Japanese Mortgage Rates

Japanese Mortgage Rates August 2010 (Click to enlarge)

Rates, from Shinsei Bank in Japan.  As of August 2010.  Their mortgage site is here
And get this, home prices in Tokyo, are about $13,000 USD per sq.m.  New York $16,200 USD per sq.m. Toronto $7,500 USD per sq.m.