Absolutely, it is serious and will take months to stabilize, but this isn't the first nor the last shock like this that will arise.

The 2022 Russia-Ukraine War led to a temporary shock like this as did the Iraqi Civil War and the subsequent surge in the late 2000s and early 2010s.

Life is filled with black swans and it truly sucks at the individual level, but at the macro-level this is transitionary.

Also, for the Japanese government, the housing pain is less worrisome than it's downstream impact on cracking.

> is less worrisome than it's downstream impact on cracking.

What does cracking mean in this context?