Rent moratorium has been under discussion. Under Corona measurement, many retail stores such as restaurants, bars, night clubs have been discouraged to keep their operations. Thus tenants raised their requests to owners to hold their rent payments over some period of times.
However, landlords have to pay back their debts to banks, and pushing financial institutions to hold those payments as well. Given those natures and current low margins under financial environment, this kind of special treatment would be unlikely. It’s presumed that the government ask owners a bit patience and also encourage tenants to revise their cash flow while providing them a bit more funds. This would end up eating up our capitals, the sources of national revenues and the fundamental sources of tax. Looking at the mental and energy cycle side, those who would like to take something from others would be charged what they want to take over the middle to long term. If we want to take as much amount as possible from the state or other public entity, this would over long term be charged to us: our children pay that back or our pension would be squeezed. Thus what I personally suggest is making our ends meets by improving efficiency in each sector, each party can survive without taking much from others, those approaches would be prosperous over the middle to long terms.
https://mainichi.jp/articles/20200421/k00/00m/040/291000c
- Tags
- banks, Corona, government, Japan, moratoriam, public debt, rent, revenue, tax, tenant
