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Monolines

Japan faces consumer finance fears

By Michiyo Nakamoto in Tokyo

Published: May 7 2008 20:16 | Last updated: May 7 2008 20:16

Japan’s consumer finance companies, which have endured one of the rockiest periods in their recent history, are braced for renewed turbulence as three of the top four companies are about to publish their full-year results.

Acom, Promise and Takefuji are all expected to report net profits this year, as is Aiful, which is to report later. By contrast, these top four reported total losses last year of more than Y1,707bn ($16bn).

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