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Tesun Oh

For Tesun Oh's latest contributions to The Japan Times, see below:

Mega-banks plan riskier bond sales up to ¥4 trillion

Jul 2, 2015

Mega-banks plan riskier bond sales up to ¥4 trillion

Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. plan to bolster their balance sheets by introducing bonds that offer investors enhanced returns at greater risk. The two banks will sell so-called Tier 1 notes, or instruments whose value may be written down ...

Toshiba default risk surges most in Japan on accounting probe

May 13, 2015

Toshiba default risk surges most in Japan on accounting probe

An accounting probe of Toshiba Corp.’s infrastructure and energy projects caused its default risk to jump the most in Japan, just as the creditworthiness of Sharp Corp. and Sony Corp. had been improving. The cost to insure Toshiba debt against nonpayment surged 80 basis ...

Japan execs leaving Citigroup, EG Capital flags wider loan retreat

| Feb 4, 2015

Japan execs leaving Citigroup, EG Capital flags wider loan retreat

The departures of Tokyo-based loan executives from Citigroup Inc. and General Electric Capital Corp. highlight the retreat of foreign banks from the nation’s lending market. Nobuhiko Ito, head of acquisition finance and syndicated lending at Citigroup, and Masahiko Horiba, an executive director in GE ...

Crowdfunding helps revive quake-hit small businesses in Japan

Jan 27, 2015

Crowdfunding helps revive quake-hit small businesses in Japan

When an 18-meter tsunami demolished his soy sauce factories in 2011 and killed an employee, Michihiro Kono despaired about the future of the company his family founded two centuries ago. Three years later, his plants are running again and sales have recovered to about ...

Jul 31, 2014

Loan funds lure companies missing out on Abe rebound

As Prime Minister Shinzo Abe’s stimulus helps push banks’ lending rates under 1 percent, funds are targeting a debt market paying 10 times that. Japanese banks have cut loans to smaller companies as global regulations get tougher, while a government crackdown on excessive interest ...