Share of financial institutions offering reverse mortgages in Japan 2023
According to a survey conducted in 2023, around 23.5 percent of private financial institutions in Japan were offering reverse mortgages. While about 60 percent of financial institutions did not intend to offer the product in the future, 15.2 percent considered introducing it. Reverse mortgages are a type of loan for senior homeowners in which a borrower's home serves as collateral, and the principal and interest are repaid in a lump sum upon the termination of the contract. In Japan, reverse mortgages are offered by financial institutions or local councils of social welfare.
