Published at: www.nni.nikkei.co.jp
Japan Consumer Finance Regulation Faces Final Hurdle
November 1, 2009
A committee of policy makers assigned to the Financial Services Agency, Consumer Affairs Ministry and Ministry of Justice will convene this month to assess the impact of Revisions to the Money Lending Business Law on the consumer credit industry in Japan. The committee will either recommend to proceed with full implementation of interest rate harmonization and quantitative lending restrictions or propose new legislation to alleviate the burden on the industry.