In 2022, low income and a decrease in income were cited as the reason for borrowing money by over 6.3 thousand consumers in Japan who received counseling on multiple debts by local governments. The impact of COVID-19 was named in around 700 cases. The term multiple debts refers to a situation in which a person has borrowed money from various lenders and has difficulty with debt repayment.
Leading reason for borrowing money among consumers who received counseling by local governments regarding multiple debt in Japan in 2022
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Cabinet Office Japan. (June 2, 2023). Leading reason for borrowing money among consumers who received counseling by local governments regarding multiple debt in Japan in 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1241826/japan-common-reasons-debt-consumers-counseled-multiple-debt/
Cabinet Office Japan. "Leading reason for borrowing money among consumers who received counseling by local governments regarding multiple debt in Japan in 2022." Chart. June 2, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1241826/japan-common-reasons-debt-consumers-counseled-multiple-debt/
Cabinet Office Japan. (2023). Leading reason for borrowing money among consumers who received counseling by local governments regarding multiple debt in Japan in 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1241826/japan-common-reasons-debt-consumers-counseled-multiple-debt/
Cabinet Office Japan. "Leading Reason for Borrowing Money among Consumers Who Received Counseling by Local Governments regarding Multiple Debt in Japan in 2022." Statista, Statista Inc., 2 Jun 2023, https://www.statista.com/statistics/1241826/japan-common-reasons-debt-consumers-counseled-multiple-debt/
Cabinet Office Japan, Leading reason for borrowing money among consumers who received counseling by local governments regarding multiple debt in Japan in 2022 Statista, https://www.statista.com/statistics/1241826/japan-common-reasons-debt-consumers-counseled-multiple-debt/ (last visited July 22, 2024)
Leading reason for borrowing money among consumers who received counseling by local governments regarding multiple debt in Japan in 2022 [Graph], Cabinet Office Japan, June 2, 2023. [Online]. Available: https://www.statista.com/statistics/1241826/japan-common-reasons-debt-consumers-counseled-multiple-debt/