TOKYO: Shocked by the suicide of three debtors last month, Japan is rushing through a Bill aimed at clamping down on loan sharks who are pushing increasing numbers of the recession-hit population into a debt trap.
Victim support groups estimate there are up to 60,000 unregistered lenders are operating in Japan, many of them gangster-related, while more than a million people are thought to have become victims of their unscrupulous tactics.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!