The Japanese government is set to introduce new standards on evaluating the durability of wooden buildings with the aim of significantly extending their legal longevity for easier financing and promoting decarbonization through the increased use of timber.The Ministry of Land, Infrastructure, Transport and Tourism plans to evaluate the waterproofing of wooden buildings via third party agencies which, if the new criteria are met, could double the service life of such buildings to 50 years or more.Longer lifespans are expected to make it easier for building owners to secure loans, with repaym…READ FULL ARTICLE