Yakuza-Lending Surge Feared in Japan

Yakuza-Lending Surge Feared in Japan Play

Aug. 8 (Bloomberg) -- Victims of loan sharks in Japan and consumer advocacy groups say a possible revision of a law which cracked down on predatory lending may lead to a new surge of suicides and bankruptcies among borrowers. Lawmakers who say the legislation went too far in cutting credit to small businesses in a stagnant economy want to ease restrictions. That’s sparking debate between the two sides. Bloomberg's Scilla Alecci reports from Tokyo. (Source: Bloomberg)

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus