The president of Mizuho Financial Group Inc. pledged Tuesday to improve corporate governance, including through the establishment of oversight committees, to prevent any more scandals involving loans to yakuza. “We will try to regain the public’s trust through renewed efforts to sever ties with ...
Japan told the Vietnamese government Monday it would suspend official development assistance over bribery allegations surrounding a Japan-funded Hanoi urban railway project, the embassy in Hanoi said. Specifically, loans for the first phase of constructing the project’s No. 1 railway line will be frozen, ...
The government has no immediate plans to relax consumer-finance regulations, Financial Services Minister Taro Aso said, days after a lawmaker said the ruling party will consider it. A 2006 legislative change designed to protect consumers “was pretty effective to deal with heavily indebted people,” ...
Your Party said Thursday that about ¥90 million in questionable loans from a businessman to Yoshimi Watanabe, the former head of the opposition party, remain unaccounted for. In an investigative report on the loan scandal, the party said some ¥500 million was transferred to ...
The Japan Bank for International Cooperation said Tuesday that it will provide 15 million baht (¥46.5 million) as part of a syndicated loan to a Thai unit of Mano-Seiko Co., a small machinery parts maker based in Tachikawa, Tokyo. JBIC’s loan to Mano Precision ...
The Ministry of Economy, Trade and Industry issued a business improvement order Friday against Orient Corp. over shady loans extended to members of organized crime groups by Mizuho Bank via the consumer credit company. The ministry urged Orient to compile measures to prevent recurrences, ...
Japanese banks are pledging more stringent efforts to halt loans to organized crime after an investigation at Mizuho, the country’s second-biggest bank, led to disclosures of mob links throughout the banking industry. Lawmakers grilled bank executives and government officials, including Finance Minister Taro Aso, ...
Banks are scaling back loans through unaffiliated consumer credit firms that are not allowed to access their databases of gangsters and other antisocial elements. The moves follow recent revelations that Mizuho Bank, a unit of Mizuho Financial Group Inc, had extended loans to gangsters ...
A Lower House committee intends to haul in Mizuho Bank's president to explain shady loans extended to underworld groups.
Hitachi Capital Corp. played a role in Mizuho Bank’s lending to mobsters and other underworld groups, informed sources said Saturday. Mizuho carried out one gang-related loan transaction via Hitachi Capital, the consumer credit unit of Hitachi Ltd., the sources said. The discovery of Hitachi ...
Two shareholders of Mizuho Financial Group Inc. have filed a criminal complaint with investigative authorities against Mizuho Bank, claiming it intentionally made a false report to the Financial Services Agency in connection with loans to yakuza, their lawyers said. The two male shareholders in ...
Acom Co., a consumer loan company under Mitsubishi UFJ Financial Group Inc., said Thursday it has extended several loans to individuals linked to organized crime and other anti-social forces, becoming the latest in a string of lenders to own up to the practice. Acom ...
