Rising Rents in Tokyo Drive More Young People Back Home

According to a 2024 household survey conducted by the Ministry of Internal Affairs and Communications, monthly living expenses excluding rent for single households under 35 were estimated at 136,542 yen. Breaking down these expenses, food costs averaged 40,305 yen, utilities 9,005 yen, medical expenses 8,252 yen, and communication fees 5,730 yen.

When rent is added on top of these expenses, many young people say that living alone has become increasingly difficult. Compared with ten years ago, the survey revealed that the average monthly rent for single households under 35 has risen by about 6,600 yen, while other living expenses have increased by approximately 3,800 yen. Together, these changes have added roughly 10,000 yen to the monthly financial burden.

Real estate appraiser Masanori Taito highlighted that the surge in condominium prices has pushed up rental costs as well, with rents expected to continue rising gradually.

A separate survey by the real estate information service LIFULL HOMES, which polled 1,693 men and women in their 20s from the Tokyo metropolitan area, found that 37.7% live with their parents, 27.7% live alone, and 17.0% live with a partner or children. Smaller shares live with relatives (7.3%), with a partner (7.4%), or with friends (1.1%).

Street interviews suggest that many people in their twenties identify with the nearly 40% who remain living at home. For example, a 23-year-old from Gunma who recently started living alone said most of his peers still live with their parents. Likewise, a 22-year-old woman in Saitama who continues to live at home shared that while she plans to buy a car this year, she has yet to contribute financially to the household but intends to do so in the future. She also acknowledged that sharing a room with her younger brother may reduce her privacy, which could become a disadvantage.

The same LIFULL HOMES survey uncovered the top reasons why young adults choose to stay with their parents. These include the desire to save money, inability to pay rent or living expenses, proximity to the workplace, wanting to spend on hobbies or oshi-katsu (fan activities), the burden of household chores, and parental requests not to move out.

One 24-year-old respondent, Ranmaru Kishitani, said nearly all these reasons applied to him except for parental requests. He spends most weekdays at a shared office but returns home about twice a week for meals and family comfort. He estimates that about 80% of his peers also live with their parents.

The benefits of staying at home include help with chores, reliable meals, lower living costs, and a sense of security. However, drawbacks range from family rules and interference in daily life to difficulties inviting friends or partners over, as well as inconvenient commuting arrangements.

Kishitani added that more young people now view living with their parents not as a failure of independence but rather as a form of cooperation—especially if there is no pressing need to move out.
https://newsonjapan.com/article/146992.php

How Modi government plans to boost municipal bond issuance

**How the Modi Government Plans to Boost Municipal Bond Issuance**
*By Dwaipayan Roy | Sep 21, 2025, 06:47 PM*

The Indian government is considering increasing the interest subvention cap beyond the existing limit of ₹26 crore per Urban Local Body (ULB) to promote the issuance of municipal bonds for urban infrastructure development. This initiative is part of the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme.

### Slow Progress Despite Key Initiatives

Despite flagship programs like AMRUT and the Smart Cities Mission, progress in mobilizing funds through municipal bonds—often called ‘muni bonds’—has been slower than expected. To address this, the government aims to enhance incentives and institutional support to encourage more ULBs to access the capital markets.

### Understanding the Interest Subvention

The interest subvention is a financial incentive provided under AMRUT to make municipal bonds more attractive to issuers and investors. Currently, the maximum interest subvention available to a ULB from the Ministry of Housing and Urban Affairs (MoHUA) is capped at ₹26 crore.

To stimulate market participation, the central government offers a 2% interest subvention on bond issuances by ULBs.

### Incentive Structure for Bond Issuance

– **First Bond Issuance:**
ULBs can receive incentives up to ₹13 crore for every ₹100 crore raised, with an overall cap of ₹26 crore under AMRUT 2.0.

– **Subsequent Issuances:**
Bonds issued must be classified as green bonds, focusing on sectors such as water, sanitation, renewable energy, or urban resilience.
In such cases, ULBs are eligible for incentives of ₹10 crore per ₹100 crore raised, subject to a cap of ₹20 crore.

### Institutional Support from NaBFID

The National Bank for Financing Infrastructure and Development (NaBFID) is set to play a crucial role in supporting ULBs throughout the bond issuance process. The bank may empanel agencies including merchant bankers, brokers, and rating agencies to provide expert guidance.

As a development finance institution, NaBFID will assist municipal bodies with statutory paperwork and ensure compliance with the Securities and Exchange Board of India (SEBI) listing requirements — simplifying access to capital markets for infrastructure projects.

By expanding financial incentives and offering institutional support, the Modi government seeks to unlock the potential of municipal bonds as a vital tool for urban infrastructure development, enabling cities to better meet the growing needs of their populations.
https://www.newsbytesapp.com/news/business/municipal-bonds-goi-considers-raising-interest-subvention-cap-for-ulbs/story

Mumbai Weather Update: City To See Light To Moderate Rains Today; Konkan Remains Under Yellow Alert

Mumbai: After days of intense downpours that caused waterlogging and traffic snarls across the city, Thursday began on a comparatively calmer note with light to moderate showers. The India Meteorological Department (IMD) has not issued any heavy rainfall alert for Mumbai today, predicting that rainfall activity will be subdued through the day, though occasional spells may continue.

Weather Forecast For Mumbai Today

According to the IMD forecast, the city will experience mostly cloudy skies with intermittent light to moderate rain. While some localised pockets may see slightly heavier showers, widespread intense rainfall is unlikely. Daytime temperatures are expected to hover around 28°C, while the minimum temperature may settle close to 25°C.

Winds will remain mild, providing some relief to residents after a week marked by flooding and disrupted commutes.

Neighbouring urban areas such as Thane and Navi Mumbai are also expected to follow a similar pattern. Cloudy skies with occasional drizzle and spells of moderate rainfall have been predicted, with temperatures remaining consistent with Mumbai’s forecast. Maximum daytime readings will stay near 28°C, while night temperatures will range between 24°C and 25°C.

Winds in these areas are also forecast to be light to moderate, reducing the likelihood of severe weather-related disruption.

In Palghar district, no formal weather alert has been issued. However, light to moderate showers may occur in parts of the region through the day. The district will see overcast skies, with maximum temperatures forecast around 28°C and minimum temperatures near 25°C, mirroring weather conditions in Mumbai and its immediate neighbours.

Konkan Under Yellow Alert

The weather outlook is slightly different further south along the Konkan coastline. The districts of Raigad, Ratnagiri, and Sindhudurg remain under a yellow alert issued by the IMD.

Authorities have cautioned residents in these areas to expect heavy showers in isolated locations, potentially accompanied by gusty winds, particularly in coastal stretches. These conditions could lead to temporary waterlogging and impact road connectivity.

Skies will remain predominantly cloudy, with maximum temperatures reaching up to 29°C and minimum temperatures holding steady near 25°C.

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https://www.freepressjournal.in/mumbai/mumbai-weather-update-city-to-see-light-to-moderate-rains-today-konkan-remains-under-yellow-alert