Recently Released Market Study: Consumer Lending in Japan
Japanese consumers started to take on more loans in 2012. This was due to improved consumer demand due to growing card lending, in particular credit card lending, while the earthquake of March 2011 and the 2010 instalment sales law slowed down the growth of card lending over the review period. With the considerable loss in payday loans, financial institutions were very proactive in increasing card transaction spending among existing cardholders, with the promotion of discounts and reward...
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