CREDIT & SALAKIN TAIKYO, JAPAN
National Coalition for Fair Consumer Credit
Fighting for ending undue and unjust sufferings of debtors in Japan since 1978
6th fl. Nihon Bunka Kaikan, 2-chome 1-23 Kitahama, Chuo-ku, Osaka 541-0041 JAPAN
WELCOME to CREST JAPAN
CREDIT & SALAKIN TAIKYO JAPAN (CREST JAPAN) is a national coalition for fair consumer credit. Our members include academians, lawyers, judicial scriveners, members of victims organizations and labor organizations. Since its foundation in October, 1978, as a nationwide consumer organization, we have been acting for the purpose of preventing and eliminating unfair and unreasonable sufferings of consumers due to heavy debt to consumer financiers i.e. Salakin (loan sharks targeting salary earners), credit and loan card firms, Shoko Loans (small-business lenders), and black-market loan sharks.
Working in cooperation with Japan Federation of Bar Associations, labor organizations, as well as consumer cooperatives, we have achieved enactment of Money Lending Business Control Law in 1983 and Money Lending Law in 2006. These laws have brought about reduction in interest, restrictions on excessive lending, and strict operating rules.
However, we still have many challenges before us, and we have been carrying on the campaign calling for amendments of the laws, establishment of a bail-out system for loan-shark victims, and prevention of excessive credit.
We also take education, research, information exchange, and lobbying as our important tasks because we have the pressing need to tackle with the ever evolving problems.