Why did Japan not experience a credit card bankruptcy crisis like South Korea? It was just that there was a card swipe storm around the 1990s because the proportion of Japanese people using credit cards was low.

In 2002, the proportion of credit card usage in South Korea was 69%, while Japan only had 7%. If we go back to Japan around the 1990s more than ten years ago, the proportion of credit card usage in Japan would be lower.

The reason why Japan did not cause a bankruptcy crisis on credit cards in China was due to its national character. It is said that Chinese people love saving money, while Japanese people love more than Chinese people.

Japan is mainly composed of four major islands. It has always been a country with many tsunamis, earthquakes, typhoons and disasters.

There is a kind of genes and thinking consciousness in their bodies. As long as they don’t die, they must prevent problems before they happen. People cannot live without money.

In Japan at this time, people who use credit cards are generally young people, not elderly people. If something happens, they will not be able to repay the personal due debts, and they can also seek help from parents to provide certain financial assistance.

2002 was a commemorative year for Kishimoto Masayoshi. I entered university in this year before.

At this time period, mainland China, South Korea and Japan will begin to show a new turning point for young people.

In fact, some formal state-owned banks in mainland China have entered university campuses, and behind them are some private banks following up and providing credit cards to college students at that time.

This credit limit is generally between 500 yuan and 2,000 yuan. At that time, the general monthly living expenses for college students were three to five hundred yuan.

Poor students had a monthly living expenses of 100 or 200 yuan, or even a few dozen yuan per month. Although the credit card limit was not high at that time, it was completely in line with the economic income and consumption level at that time.

If a college student holds a black and white screen Nokia or Motorola, it is a representative of the wealthy class among the college student group.

As for personal computers, few college students only have one. Even college students with personal computers have one, only an assembly machine worth about 3,000 yuan.

Why do regular banks in mainland China finally withdraw from university campuses? The main reason is that the bad debt rate is too high.

Many college students do not pay their credit cards overdue, and even after graduation, they still do not intend to pay them back. The bank cannot directly violently collect debts, so they have to collectively choose to withdraw from the university campus market.

This freed up areas and soil for various campus loans to survive, develop, and grow. College students in later generations always complained that there was no formal bank to provide them with credit card business, which made them tight, so they had to borrow campus loans with higher interest rates to carry out a turnover.

If you want to blame, you can only blame their former people for their credit for being "too good", which has led to no longer sending credit cards for college students. After all, commercial banks are for profit and money, not for charity and sentiment.

It is normal for young people to have strong material strength. No matter what era it is, they will change the soup and not change the medicine. Even in the years when mainland China was in material scarcity, young people of their ancestors were full of pursuit and yearning for watches, bicycles, and radios.

The young people from my father's generation became BBMs, and the pursuit and yearning of my elder brother. In the generation of my previous life, they became mobile phones, computer pursuit and yearning.

The post-90s generation, especially the post-95s and post-00s generation college students, are pursuing to be able to drive their own private cars on the university campus, which is very cool, preferably a sports car.

Korean young people and Japanese young people are in pain at this time point, especially Korean young people. The problem they face is that they have different pay for equal work than when their parents were young.

The income of young Korean and Japanese people at present is significantly less than that of their parents when they were young. Not only that, the side effects of inflation are not only that the number of banknotes they get is not as good as before, but also the actual purchasing power is even lower than before.

At the age of a person who is best at the age of his life, but he has no money in his pocket. That feeling is torture. Do you have to spend money on falling in love?

In Korea, as a boy, he naturally has to bear all the expenses of dating. Otherwise, he will be disliked by girls in various ways and deserves to be masturbated by himself for the rest of his life.

On this point, Japanese boys can have a AA system with girls or be responsible for most of their dates and consumption.

Japanese and Korean boys are not easy, and girls are not easy either. Japanese and Korean girls spend a lot of money on cosmetics, clothes, etc. They would rather eat instant noodles every day than dress themselves up.

If their appearance is not good enough, they will not only be disliked by boys, but also by others. Not to mention that they want to find a high-income man or a good and decent job.

In order to make up for the deficit in expenditure and income, the family background is OK. One is that parents will secretly provide subsidies. After all, they are experienced people and understand.

The second is that you don’t pay living expenses, eat, drink and live for free at home, and you can save a lot of money that can be used for social interaction.

At this time, whether it is Japan, South Korea, even in mainland China, Hong Kong, Macao and Taiwan, the same situation is true. Single men and women will continue to live with their parents.

Even if you have a job, you often don’t move out. At most, you just give your mother some money for household use. There are many cases where you pay 500 yuan at the beginning of the month, and you will borrow it from your parents at the end of the month and not pay back 1,000 yuan.

It is often tragic to people from the middle and lower classes of society, especially at the bottom of society, and families with many children in their families. Apart from choosing to use credit cards widely, they have no better way to make up for the shortcomings in personal consumption.

The way they comfort themselves is to increase their income in the future, and then they have money to repay their card debts. In fact, they are all wishful thinking and unrealistic ideas.

Japan and South Korea have already begun to transfer to mainland China in many labor-intensive work. In Taiwan three years, that will be another goal of Masayoshi Kishimoto.

In 2005, a credit card crisis broke out in Taiwan, which has a population of more than 20 million. How miserable will Taiwanese people be? The charcoal in supermarkets is explicitly prohibited and is not allowed to be put on the shelves.

Too many ordinary Taiwanese people were violently recovered by the underworld and had to buy charcoal and commit suicide by committing suicide because they could not afford to repay the bank card debts they owed by themselves.
Chapter completed!