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  • fuckedgaijin ‹ General ‹ F*cked News

Is Japan Post getting into loan sharking?

Odd news from Japan and all things Japanese around the world.
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Is Japan Post getting into loan sharking?

Postby Taro Toporific » Mon Jul 26, 2004 10:46 am

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Japan Post may be allowed to expand into lending business
TOKYO July 25 Kyodo -The government is considering revising laws to enable Japan Post to extend mortgages and other types of loans following a planned privatization of the government-backed organization...At present, the postal savings law effectively bans Japan Post from lending money even though it accepts deposits.
....also see the thread: Ripplewood-Jaws getting into the loan sharking biz
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