concept   financing
culture   Japan
statement   Japanese culture emphasizes saving money and avoiding loans to prioritize self-sufficiency and financial stability.
17 similar statements
# Concept Culture Statement Freq.
1 financing Japan Preference for conservative financing with a focus on savings and minimal borrowing 1
2 financing Japan Many people prefer to save up and pay for large purchases in cash rather than financing through loans 1
3 financing Japan It is more common to save up money and pay for major purchases in cash, avoiding loans and credit cards if possible. 1
4 foreclosure Japan Foreclosure is relatively uncommon in Japan due to cultural and legal factors, and there is a strong emphasis on avoiding public financial embarrassment. 1
5 loan Japan Taking out a loan for personal reasons is generally seen as a sign of financial irresponsibility, and saving up for major purchases is the norm. 1
6 loan Japan There is a cultural preference for saving money and avoiding loans, with a strong emphasis on self-sufficiency and financial stability 1
7 loan Japan Highly common, with formal and informal systems in place, such as community-based lending circles 1
8 loan Japan There is social stigma around taking out loans, and it is perceived as a sign of financial irresponsibility. 1
9 loan applications Japan Loan applications may involve strong emphasis on savings history and personal financial discipline. 1
10 loan payment Japan In Japan, loan payments are usually made through bank transfers and are often associated with great importance placed on punctuality and fulfilling financial obligations. 1
11 loan payment Japan There is a strong cultural emphasis on diligently and promptly making loan payments to maintain honor and financial integrity. 1
12 money lending Japan Traditional 'sarakin' money-lending businesses were once prevalent 1
13 mortgage Japan Less common way to purchase a house, with a preference for renting or alternative methods of home ownership 1
14 mortgage lender Japan Mortgage lenders prioritize long-term relationships and stability when considering loan applications. 1
15 mortgage lender Japan Not as prevalent due to traditional cultural attitudes towards homeownership and financial management. 1
16 mortgage lender Japan Less commonly used for home purchases, as joint family and multi-generational living arrangements are more prevalent 1
17 mortgages Japan Mortgages typically have long terms, sometimes up to 35 years 1