Japan has 1.55 million borrowers with three or more unsecured loans

At the end of fiscal 2025, 1.55 million people in Japan had three or more loans from moneylenders.

These were unsecured and unguaranteed loans, meaning they were not backed by collateral or a guarantor.

The number reached a 12-year high, showing that multiple borrowing has become more common than at any point in that period.

The figure covers people with at least three such loans, not everyone who borrowed money.

Having several loans can mean borrowers have multiple debts to manage, though the available information gives no details on repayment or financial hardship.

No further steps or policy response are specified.