The government on Monday approved Japan Post Bank’s application for a license to launch an unsecured loan operation targeting individual customers. Details concerning the bank’s application had been screened by the Internal Affairs and Communications Ministry and the Financial Services Agency. The banking unit ...
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 ...
The Bank of Japan is keeping a wary eye on the steep growth of bank loans to finance the construction of apartment buildings and other rental homes. The BOJ is concerned that the active lending may cause an oversupply of rental homes and an ...
Supreme Court records show that there were 64,637 filings for personal bankruptcy in 2016, an increase of 781 cases over 2015, thus marking the first increase in 13 years. The number of personal bankruptcies peaked in 2003 at almost 250,000 nationwide. The reason for ...
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 ...
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 ...
Real estate loans extended in Japan in the April to September period rose 14.7 percent from a year earlier to ¥7.07 trillion, hitting a record high for the period for the second straight year, the Bank of Japan said Wednesday. The increase in the ...
A new FSA policy is aimed at encouraging regional banks to fund promising business projects and turn struggling local economies around.
For generations, artisans and merchants in Kyoto lived in thousands of traditional machiya townhouses that are steadily disappearing or falling into disrepair. To help restore the wooden-and-tile-roof structures, banks in Kyoto have tailored loans to help contribute to the preservation of architecture in a ...
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 ...
The Finance Ministry is considering cutting the minimum interest rate on its lending for infrastructure and other major projects under the zaito fiscal investment and loan program, according to officials. The move comes amid falling interest rates following the Bank of Japan’s introduction of ...
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 ...
