FOCUS: Lowered adult age sees rise in young Japanese struggling with debt

One feared consequence of Japan's lowering of the age of adulthood to 18 in 2022 appears to have come true -- a rise in young people getting into difficulties with debt.With personal bankruptcy occurring as early as 19, government agencies are doubling efforts to raise public awareness about the issue. Consumer affairs experts, meanwhile, warn that cases thus far are likely to be only the tip of the iceberg.The lowering of the age of adulthood from 20 allowed 18- and 19-year-olds to sign consumer loan contracts and apply for credit cards without parental consent.According to the National Co…READ FULL ARTICLE