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Business trends

Japan's peer-to-peer lenders get burned by anonymous borrowers

More transparent disclosure a must for market's development

Some Japanese peer-to-peer lending platforms are unable to pay part of distributions to investors, as borrowers have failed to pay interest on time.

TOKYO -- Peer-to-peer lending has become an increasing source of trouble in Japan, where some lenders have gotten into hot water by extending money to borrowers they know little about.

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