Japan's biggest consumer lender Takefuji files for bankruptcy

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A pedestrian passes in front of an outlet of consumer credit company Takefuji Corp. in Tokyo on September 28, 2010. Japan's once high-flying consumer credit firm Takefuji Corp. will file for bankruptcy protection with liabilities of five billion USD, a credit research company said on September 27. Takefuji, which calls itself a "yen shop", is burdened with claims by customers for refunds of excessive interest charges since the Supreme Court in 2006 entitled borrowers to do so, Tokyo Shoko Research said. [Xinhua/AFP]



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