Yakuza-Lending Surge Feared in Japan

Aug. 8 (Bloomberg) -- Victims of loan sharks in Japan and consumer advocacy groups say a possible revision of a law which cracked down on predatory lending may lead to a new surge of suicides and bankruptcies among borrowers. Lawmakers who say the legislation went too far in cutting credit to small businesses in a stagnant economy want to ease restrictions. That’s sparking debate between the two sides. Bloomberg's Scilla Alecci reports from Tokyo. (Source: Bloomberg)

CIBC's Tal: We Need to Monitor Subprime Loans in Canada
39:39 - According to the latest report from CMHC, condo building activity in Toronto appears to be "well managed," unlike the 1980s housing bubble. Yet, BOC Governor Stephen Poloz recently addressed the pace of rising home prices in Canada's two hottest markets - Toronto and Vancouver. Benjamin Tal, deputy chief economist at CIBC World Markets, joins Bloomberg TV Canada's Amanda Lang to discuss the current state of the Canadian housing market, where it's headed and what measures need to be taken to "cool" foreign buyers. (Source: Bloomberg)
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