[Originally posted, with full hyperlinks, at http://eastasiaforum.org/author/lukenottage/]
Japan’s recent re-regulation of unsecured consumer credit provides another major example of the growing consumer voice in law and policy-making in that country since the 1990s. It also highlights another “blind spot” in the Australian media’s coverage of Japan. This is despite similar underlying problems in this country, and a belated awareness of the risks involved in consumer lending following the sub-prime loans crisis in the US.
Continue reading “Consumer over-indebtedness in Japan, Australia and the US”