Jul 3, 2014

Kudo-kai fourth yakuza syndicate blacklisted by U.S.

The U.S. Treasury Department slapped economic sanctions on a major yakuza underworld syndicate and its leaders Wednesday, the fourth such Japanese gang to be blacklisted. The department said it has frozen any assets held by Kudo-kai, its president, Satoru Nomura, and its chief, Fumio ...

Mizuho boss vows reforms after loan scandal

Jun 24, 2014

Mizuho boss vows reforms after loan scandal

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 ...

Dec 19, 2013

Scandal-hit PGA opts to clean house

The leadership of Japan’s Professional Golfers Association will resign en masse after two of its executives were found to have played golf and socialized with an underworld boss, a report said Wednesday. The PGA’s policy board decided Wednesday on the mass resignation, to be ...

Yakuza clean up to do dirty work

Dec 10, 2013

Yakuza clean up to do dirty work

by Hiroshi Hiyama

Mobsters driving flashy cars purchased with bank loans. Executives bowing in apology for loaning millions to those underworld figures. And high-level officials vowing to squash the yakuza. Japan Inc. is engulfed in its worst mob scandal in years and it’s shining a rare light ...