Japan’s Inexperienced Investors Fall for Scams ‘Like Babies’
- Japan saw sevenfold increase in money lost in latest quarter
- Government to announce measures to counter scams next month
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As Japan’s stock market booms, something else is also on the rise in the nation: investment scams.
Criminals have been quick to exploit the paradigm shift that’s seen a relatively financially inexperienced population turn to investing, spurred by rising consumer prices and government encouragement to find higher returns for their savings.