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We dont know how much power they have, it’s illegal to know:
| Due to secrecy laws, it is extremely hard to find documentary evidence of the queen’s exercise of influence. In the United Kingdom, government documents that “relate to” communications with the sovereign or the next two persons in line to the throne, as well as palace officials acting on their behalf, are subject to an absolute exemption from release under freedom of information or by government archives.
- “relate to” is so broad and it means we have no idea what is going on.
| But The Guardian has managed to expose a chink in this armour of secrecy. In the UK’s National Archives, it discovered documents from 1973 showing the queen’s personal solicitor lobbied public servants to change a proposed law so that it would not allow companies, or the public, to learn of the queen’s shareholdings in Britain. The gambit succeeded, and the draft bill was changed to suit the queen’s wishes. Perhaps these documents escaped the secrecy embargo because they involved communications with a private solicitor, rather than palace officials
It’s mostly supply and demand. In Tokyo and Osaka / satellite cities, prices are going up, everywhere else they are dirt cheap.
However, in urban areas prices still aren’t as crazy unaffordable as you may think, because Japan has a very narrow wage gap (everyone in Japan thinks they are middle class, and their not wrong compared to other countries).
Another thing that makes Japan different to other housing markets, and is affected by the laws, is earthquake concerns. What other countries would call ‘established’ dwellings, they call ‘second hand’. Laws are updated every ten years or so that mean newer dwellings are much safer than older ones. Knockdown/rebuild is so common that there is competitive prices, as there’s plenty of builders to choose from. The builders are also very efficient, and apart from safety law, regulations are low (you can build whatever you like, so long as it’s robust), so labour costs are much lower compared to other countries.
If you go on Suumo.jp you’ll find plenty of very affordable houses, even in good areas/good rail links, but it’s because they don’t expect anyone will live in the house as-is - the buyer will most likely “reform” it (massive rennovation) or replace.
The state of the Japanese housing market is due mostly to cultural/economic/low immigration. If you want a policy solution other high-income countries can use to solve housing issues, the state-capitalism solution of the Singapore HDB is the best model I’ve come across. Second would probably be Vienna’s focus on social housing.