Recently Released Market Study: Consumer Credit in Japan
2012 witnessed a bounced back year of growth with a 0.3% consumer credit gross lending growth rate compared to a decline of 1% in the previous year. This growth was driven by a better understanding of the Money Lending Business Law among borrowers, as they initially misread the law prohibiting all kinds of consumer lending. However, promotional activities of lenders and Japan Financial Services Association helped consumers to understand that the total volume limit can only restrict lending...
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