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Stock impact report

Bankruptcies, Suicide Rise as Japanese Struggle With Mounting Debt [Yahoo! Finance]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Reviving a Little-Known Modernist Landmark in Buffalo The Architects Who Built Miami New York's Congestion Pricing Plan Still Faces Legal Hurdles New York City's Historic Preservation Movement Is Having a Midlife Crisis NYPD Car Chases Are Becoming More Frequent — and More Dangerous Consumer loans are rising at the highest rate in 16 years. 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 th Show less Read more
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