Shoko Chukin Bank reprimanded over shady loans

/ May 10, 2017

Shoko Chukin Bank reprimanded over shady loans

The government on Tuesday issued a business improvement order to Shoko Chukin Bank, a government-linked lender for small and medium-size firms, found to have extended shady loans and falsified documents related to a state-backed program to help crisis-hit companies. The Ministry of Economy, Trade ...

Jan 3, 2017

Small startups run by women getting more loans

Loans to women aiming to start a small business are increasing in line with the Abe administration’s policy of boosting the role of women in the economy and society. The government-owned Japan Finance Corp. (JFC) made 1,282 loans for ¥3 million or less to ...

Dec 6, 2016

Naked selfies used as collateral for loans in China leak online

Hundreds of photos and videos of naked women used as collateral for loans on a Chinese online lending service have leaked onto the web, highlighting regulatory problems in the fast-growing peer-to-peer marketplace. A 10-gigabyte file posted on the internet exposed the personal details of ...

Aug 13, 2016

Japan to fund $2.4 billion railway for congested Manila

Japan on Friday announced it is pouring $2.4 billion into a new railway aimed at easing Manila’s notorious gridlock. Japan, the Philippines’ top trading partner and source of aid, said the 38-kilometer (24-mile) elevated commuter line would connect Manila to nearby Bulacan province to ...

Apr 5, 2016

Japan considers underwriting construction of Indonesian port

The government may provide low-interest yen loans to Indonesia to help it build a major new port in Patimban, 120 kilometers east of Jakarta, sources said. As the Indonesian side has estimated construction will cost ¥300 billion, this is likely to be one of ...