After the bursting of the bubble economy, Japan rarely experienced an “inflationary period” in which prices exceeded the 1 percent level on a year-on-year basis, except for a period of time in 2008. The cases of prices exceeding 1 percent were only temporary because these were examples of cost-push inflation caused by the depreciation of the yen and high energy prices.
One of the key value propositions that FinTechs offered was providing the same financial services as regulated entities but at a lower cost. FinTech disruption in the Indian brokerage industry is a shining example of this. 8. Large technology companies, or Big Techs as they are popularly called, such as Alphabet, Meta, Amazon, etc. have also expanded into financial services.