Feb 20, 2013

Eased Civil Code debt-guarantor rules planned

The government plans to drastically ease debt-related rules under the Civil Code to sharply reduce the burden on guarantors. There have been many cases in which borrowers defaulted, leaving the guarantors, including some not adequately informed of the loan particulars, holding the debt. This ...

Feb 8, 2013

Lawmakers huddle to revise BOJ Law

by Ayako Mie

Like-minded lawmakers across party lines have kicked off discussions toward amending the Bank of Japan Law to effectively lessen the central bank’s independence and hold it more accountable for its monetary policy. “The 1998 BOJ Law gave the bank too much independence and freedom, ...