With regard to household debt, the pace of its growth is expected to gradually slow thanks to the government’s efforts for housing market and household debt stabilization. However, we should not neglect the fact that the total household debt volume is high, and that it is still increasing faster than household income, which may hinder the sustainable growth of our economy and financial stability.
It may be difficult within a short period of time to resolve the problem of household debt, but over the medium- to long-term it is necessary to maintain the rate of growth in debt at no more than that in income.