The Cabinet on Friday approved a bill that would lower the minimum age required for individuals to enter into consumer contracts to 18 from 20, in line with the expected lowering of the age of adulthood in the Civil Code.
The revised bill on consumer contracts would also bolster measures against malicious business practices, as 18- and 19-year-olds, who would be able to sign contracts without the consent of their parents, are seen as more vulnerable to fraud.
The draft law is among 23 bills expected to be submitted to the current Diet session in line with the planned amendment to the Civil Code to lower the age of adulthood to 18.