The Economist | Payday lending in Japan: Shark attack

The Economist | Payday lending in Japan: Shark attack

Another example of near zero rates driving desperate behaviour. To quote Sweeney Todd when rationalizing using the flesh of his victims in Mrs. Lovett’s meat pies – “These are desparate times and desparate measures are called for”

The Economist | Payday lending in Japan: Shark attack

http://www.economist.com/news/finance-and-economics/21724806-wanna-buy-some-cash-it-will-cost-you-japans-online-loan-sharks?frsc=dg%7Cd

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