These meetings take place as part of the Barcelona process, which was initiated in 1995 to foster cooperation between the northern, southern and eastern shores of the Mediterranean in various spheres. As you know, it comprises the EU and 12 partner countries in the Mediterranean.
In Japan, the market for reverse mortgages has yet to be developed. The risk related to longevity and land price declines, in addition to underdevelopment of the secondary market for housing, impedes the development of the reverse mortgage market.