Japan is known to be a country with low financial literacy, where many consumers do not know how to manage their finances smartly. The most common way of consumers managing their money is to keep it as savings, for instance in a bank).
With the prolonged nature of the COVID-19 pandemic, a significant number of people are facing financial constraints due to job losses and wage cuts. This is also being exacerbated by the rising cost of living in 2022.
As the travel industry continues to struggle under COVID-19, travel players have been expanding their business scope into finance to gain profits outside their core market (travel). For example, in 2022 JAL Payment Port Co Ltd (a company jointly funded by Japan Airlines, one of the leading airline companies in Japan, and SBI Sumishin Net Bank Ltd) began offering new loan options to members of its JAL Mileage Bank air miles programme under JAL NEOBANK, including travel, education and auto loans.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Japan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Japan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!