Nov 20, 2014

Bankers plan for launch of 24-hour money transfers in 2018

The Japanese Bankers Association plans to introduce a new settlement system by the end of 2018 to launch year-round 24-hour online money transfers, it was learned Thursday. The association, also known as Zenginkyo, will include the plan in a report to be released on ...

Japanese bankers mull extending hours for money transfers

Oct 10, 2014

Japanese bankers mull extending hours for money transfers

Financial institutions are set to extend the hours during which customers can make immediate money transfers to a third party, industry sources said Friday. The government of Prime Minister Shinzo Abe has been urging banks and financial services institutions to take steps to boost ...

Apr 1, 2014

Banks see economy withstanding sales tax increase

The economy will probably withstand the consumption tax increase that took effect Tuesday as Prime Minister Shinzo Abe prepares stimulus measures and companies raise wages, the new head of the bank lobby said. Abe remains on track to achieve his goal of ending deflation ...

Jul 5, 2013

Bankers' group to ratchet up oversight of Tibor

The Japanese Bankers Association will step up oversight of the country’s benchmark interbank lending rates as part of global efforts to tighten supervision in the wake of the Libor rate-rigging scandal. The association will revise rules for the Tokyo interbank offered rate, or Tibor, ...