TOKYO -- Consumer lending in Japan has climbed to its highest levels in more than a decade, with notable growth seen among such mobile-loan focused upstarts as Line Credit and Merpay, as inflation squeezes household finances.
Finance
Mobile loans help lift Japan consumer borrowing to 11-year high
Inflation pushes more households to turn to credit to cover living expenses
Japanese consumers can borrow money via their smartphones with apps such as Line and Mercari. (Photo by Haruki Kitagawa)
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