The Ministry of Land, Infrastructure, Transport and Tourism of Japan released the annualized housing starts data for August on August 29, 2025. The reported figure was -4.8%, compared to the forecast and previous reading of -9.70%.Definition: Housing starts refer to the number of residential units for which construction has begun, serving as a key indicator of private residential construction activity. This metric includes both single-family and multi-family dwellings. In terms of market impact, a result exceeding expectations is considered supportive for the Japanese yen.This indicator carries a medium level of importance (level 2). The statistic measures the change in the number of new residential construction projects initiated. The data is released monthly, with the next publication scheduled for October 31, 2025.

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