Household borrowing exceeded incomes for the first time last year. And government officials are worried that many people accustomed to rock-bottom rates will struggle with their mounting loans.
While Japan is by no means alone in confronting a debt problem, salaries are the lowest of Group-of-Seven countries, and the central bank is raising borrowing costs while its peers cut them. Lawyers estimate that personal bankruptcies - already the highest since the pandemic -are on track to reach the most since 2012 this year. And in a tragic turn, suicides related to debt are also climbing.
The problem is all the more remarkable given that the country is better known for savers stashing cash under the mattress rather than piling into debt.
Diese Geschichte stammt aus der December 23, 2024-Ausgabe von Hindustan Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 23, 2024-Ausgabe von Hindustan Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
HC quashes ₹388 cr fraud case against Adani firm
The Bombay High Court on Monday discharged Adani Enterprises Ltd and its promoters from a probe initiated by the Serious Fraud Investigation Office (SFIO) into allegations of share price manipulation and fraudulent stock market activities. SFIO is a statutory agency in India tasked with investigating corporate fraud.
McIlroy Takes Drama Out of Playoff to Win Players Championship
The Northern Ireland golfer celebrated St. Patrick's Day by winning a three-hole aggregate playoff against JJ Spaun
Stranded astronauts set to return tomorrow
WASHINGTON: After more than nine months in space, two Nasa astronauts who captured the world's attention for being stuck in orbit are finally set to return home.
Bail for journos in Revanth video case
BENGALURU: A Hyderabad court on Monday granted bail to two women journalists in connection with circulating defamatory content against Telangana chief minister A Revanth Reddy, days after they were arrested on the basis of a complaint by a Congress worker.
Orry Booked in Katra for Allegedly Consuming Alcohol near Vaishno Devi
Social media personality Orhan Awatramani, aka Orry, has been booked for allegedly consuming alcohol at a hotel in Katra, the base camp for the pilgrimage to Mata Vaishno Devi shrine, Jammu and Kashmir police said on Monday.
Courts should not gag criticism, says top court
...To tell someone to remove something just because there is some criticism of what the court has said or done is not okay
Canada's New PM Pitches Closer Alliance With Europe Amid US Rift
Mark Carney used his first international trip as Canada's prime minister to pitch a closer alliance with European allies as the country aims to reduce its dependence on an increasingly antagonistic US.
'China appreciates PM Modi's positive remarks on India ties'
Beijing on Monday welcomed Prime Minister Narendra Modi's remarks on India-China cooperation being essential for global stability and prosperity, and said the Chinese side stands ready to work with New Delhi to rebuild bilateral ties.
HAIR TREATMENT IN SANGRUR TRIGGERS EYE INFECTIONS, 67 HOSPITALISED
A group of people who attended a hair treatment camp in Sangrur district of Punjab needed medical attention after suffering eye infections, with 67 being treated at a local hospital, prompting police to register a case against two men who organised the event, a senior health official said on Monday.
Delay in remission: Principal secy gets SC contempt notice
The Supreme Court on Monday pulled up the Delhi government for its recalcitrance in complying with timelines on disposal of remission pleas of life convicts and sent a strong signal of its displeasure by issuing a contempt notice to the Union territory's principal secretary (home), directing him to appear virtually before it on March 28.
