Japanese Credit Card Market Report

This report provides a detailed look at the credit card market in Japan. In 2002, Japanese consumers purchased JPY 24.7 trillion (USD $198 Billion) worth of goods and services resulting in 2,339 million credit card transactions. There were nearly 245 million credit cards in circulation in the same year, making Japan one of the world's largest credit card markets.

Boston, MA (PRWEB) August 27, 2004 -- In 2002, Japanese consumers purchased JPY 24.7 trillion (USD $198 Billion) worth of goods and services resulting in 2,339 million credit card transactions. There were nearly 245 million credit cards in circulation in the same year; making Japan one of the world's largest credit card markets.

The credit card industry has gone through a busy M&A period recently. UFJ Bank acquired Nippon Shinpan and the merged credit card business created Japan's second largest issuer with over 23 million cardholders. Meanwhile, Mizuho Holdings took management control of Orient Corp. In April of 2004, Japan lifted the ban on banks, which had prohibited them from directly offering credit cards. While this gives Japanese banks the opportunity to offer a more complete product mix and target the consumer segment more effectively (where they have been less penetrated historically), it also requires banks to tackle the issue of bad loans before starting to lend more aggressively through credit products.

Evren Bayri, director of Mercator Advisory Group's Credit Advisory Service comments, "In addition to the mergers and acquisitions, there are an increasing number of partnerships happening in the industry. These partnerships aim to improve operational effectiveness as well as create access to different market segments."

The Mercator Advisory Group's report provides:
1. A member overview looking at metrics on card growth and transaction levels
2. A breakout of issuer segmentation by type
3. Issuer profiles on seven of the lead issuers in Japan
4. An overview of the processing environment with a look at the process flow
5. A review of lead credit bureaus, PCIC, JIC, and CICC

This report contains 20 pages and 14 exhibits. Members of Mercator Advisory Group have access to this report as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits. Please visit us online at www.mercatoradvisorygroup.com

For more information call Mercator Advisory Group's main line: 508-845-5400 or send email to info@mercatoradvisorygroup.com

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