Payday Loan Japan

Payday Loan Japan

Are there payday loans in Japan?

Last time I was in Japan was when the economy was flourishing and the Japanese were super savers. They spend money on luxury goods, took vacations yet saved a huge chunk money.
I'm back in Tokyo and practically everyone I meet says there's nothing in savings, hours cut, wages cut, no trips abroad and being satisfied with Uniqlo.
I'm surprised payday is once a month. There used to be plenty of places that paid weekly (and there used to be plenty of jobs). So, I am wondering if there are payday loan places. If they're around, what are they called. Surely not peidei roon shoppu (apologies, I am using a stateside laptop at the moment).

I'm not sure if this is the equivalent of payday loan you are talking about. But there are many loan companies like the below Takefuji in Japan.

http://www.takefuji.co.jp/corp_e/

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About the Author

Ross Johnson is a contributing writer for many different local Okinawan sites and organizations that promote the life, business, welfare, and culture of Okinawa. Please visit http://www.v1global.com