28/36 RULE
Rule of thumb used for computing the amount of debt an individual or household can obtain. It stipulates a household can spend up to 28% of its gross monthly income on total housing costs and no greater than 36% on total debt service, including housing and other types of debt. Mortgage lenders and other creditors use the 28/36 rule to determine one’s borrowing capacity, with a premise that any loan exceeding the 28/36 yardstick may be difficult for the individual or household to settle the debt, which may result to default.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
