'Farmland bank' program off to a slow start

Aug 6, 2015

'Farmland bank' program off to a slow start

The government is to set to give more teeth to a “farmland bank” program aimed at boosting the competitiveness of Japan’s agricultural sector. The program is designed to consolidate small and scattered plots of farmland through “farmland banks” set up by all 47 prefectural ...

Mar 26, 2015

Shinsei Bank's Kudo tapped to become next president

Shinsei Bank plans to promote Managing Executive Officer Hideyuki Kudo, 51, to president in June. The appointment will be formalized at a meeting of the bank’s board after the general shareholders’ meeting on June 17. Kudo will succeed Shigeki Toma, 66, who is slated ...

Mar 11, 2015

FSA focusing on regional banks' lending operations

Inspections by the Financial Services Agency into regional banks have been focusing on how the institutions are addressing profitability in the crucial lending sector, according to sources. With regional banks experiencing falling profits from lending amid competition from so-called mega-banks and shinkin credit banks, ...

Dec 8, 2014

Lending data bucks recession with help from yen

Bank lending unexpectedly rose at its fastest pace since 2009, a positive sign in an economy that Prime Minister Shinzo Abe is trying to steer out of the deeper than expected recession. Loans, excluding lending by local “shinkin” credit banks that serve consumers and ...

Oct 17, 2014

Abe's jobs push beyond Tokyo spurs regional lending

Lending in September by regional banks grew at triple the pace of the nation’s megabanks as Prime Minister Shinzo Abe acted to rejuvenate areas outside of Tokyo. Loans by the smaller lenders increased 3.6 percent from a year earlier to ¥215 trillion, while those ...

Oct 9, 2014

Three banks to extend uncollateralized loans to recovering Tepco

Three banks have decided to extend uncollateralized loans to Tokyo Electric Power Co. after judging that the beleaguered utility is recovering with government support, according to sources close to the matter. Sumitomo Mitsui Banking Corp., Bank of Tokyo-Mitsubishi UFJ, and Mitsubishi UFJ Trust and ...

Sep 11, 2014

Banking group wants access to NPA's yakuza database

The Japanese Bankers Association wants to take action against yakuza by enabling banks to access the National Police Agency’s database via the Deposit Insurance Corp. of Japan, informed sources said. For banks, having access to the database would improve their client background checks, since ...

Aug 18, 2014

SMBC to become top stakeholder in biggest Cambodian bank

Sumitomo Mitsui Banking Corp. plans to acquire a stake of 12.25 percent in Acleda Bank, the largest commercial bank in Cambodia, for over ¥10 billion to become its top shareholder, sources said Monday. Pending approval by regulatory authorities in the Southeast Asian country, the ...