The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreNov 2020
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While card lending remains the leading category in terms of gross lending, it was inevitable that it would experience a decline in 2020 as consumers were becoming increasingly careful with their spending in the uncertain economic situation against the backdrop of the COVID-19 pandemic and the impact of the measures taken to slow its spread. According to Japan Financial Services Association, both outstanding balance and gross lending recorded declines in the April-May 2020 period.
With dealerships closed and people responding to the government’s stay-at-home recommendations, it is no surprise that car sales were declining during the COVID-19 outbreak. Monthly new car sales in May 2020 were down 55% year on year, by 23% in June and a further 14% in July.
AI score has been one of the fintech areas in the spotlight in Japan. While it may not have been seeing particularly strong penetration in the past few years, AI score and lending services are starting to gain a stronger presence in the marketplace, with competitor products beginning to struggle.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
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Discover the latest market trends and uncover sources of future market growth for the Consumer Credit industry in Japan with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, with our detailed market analysis and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Credit industry in Japan, our research will save you time and money while empowering you to make informed, profitable decisions.
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Euromonitor’s Consumer Credit industry reports, originate from our Passport database, to find out more click here.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.