Feb 2, 2016

FSA to monitor effects of negative interest rate on banks, Aso says

Finance Minister Taro Aso said Tuesday the government will monitor what the effects of the Bank of Japan’s negative interest rate policy on financial institutions. The Financial Services Agency “needs to carefully monitor financial institutions,” said Aso, who also doubles as state minister for ...

Dec 25, 2015

Toshiba fined record ¥7.3 billion over accounting scandal

The Financial Services Agency on Friday imposed a record ¥7.37 billion fine on scandal-hit Toshiba Corp. for falsifying financial reports. Japan’s financial watchdog set a Feb. 25 deadline for Toshiba to pay the fine. The company said it would pay the amount, adding, “We ...

Dec 8, 2015

Deutsche Bank Japan brokerage penalized

Deutsche Bank AG’s Japanese brokerage unit faces regulatory penalties after the nation’s securities watchdog found that its employees improperly shared information about a company’s earnings with clients. The Securities and Exchange Surveillance Commission recommended that the Financial Services Agency take administrative action against Deutsche ...

Mar 12, 2015

NISA investments swell but still not on pace to reach target

Savers held ¥3 trillion in Japan’s temporarily tax-free investment accounts at the end of the program’s first year, the Financial Services Agency said in a statement on its website. That total at the end of December was up from ¥1.6 trillion at the end ...

Jul 3, 2014

Fire insurance premiums expected to rise 3.5% next year

An organization of casualty insurance companies said it will raise benchmark rates used to set member companies’ fire insurance premiums by an average of 3.5 percent to cope with increasing payouts following recent natural disasters. The General Insurance Rating Organization of Japan said Wednesday ...

Deutsche execs knew of unchecked wining, dining: FSA

Jun 17, 2014

Deutsche execs knew of unchecked wining, dining: FSA

by

A pattern of spending on hostess bars and overseas junkets for local pension fund officials went unchecked by senior managers at Deutsche Bank’s Japanese securities arm, who failed to prevent or turned a blind eye to expenses that could be prosecuted as bribery, previously ...