The Board of Audit prolongs the fund of about 34 billion yen that the Japan Housing Finance Agency, which handles the long-term fixed mortgage "Flat 35", manages in case of a large loss due to sudden fluctuations in interest rates. He pointed out that the risk of large losses at ultra-low interest rates is low, and found that JHF returned 7.4 billion yen to the national treasury.

Japan Housing Finance Agency is an independent administrative agency funded by the government, known for handling the mortgage "Flat 35", which has a fixed interest rate for up to 35 years.



In 2005, JHF established the “Interest Rate Fluctuation Reserve Fund” with the government in case of unexpected losses due to sudden fluctuations in interest rates, and held 34.4 billion yen as operating funds.



It turns out that the Board of Audit has pointed out that the risk of loss due to prolonged ultra-low interest rates is low, and that the current amount of funds is excessive even considering the necessity.



In response to this, JHF recalculated the amount required for the fund and returned 7.4 billion yen out of 34.4 billion yen to the national treasury last month.



The Japan Housing Finance Agency told the interview, "We carefully examined the required amount in consideration of the interest rate situation and paid it to the national treasury. We will continue to verify the scale of the fund."