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 ...

Nov 23, 2013

Japan's yakuza woes return to the silver screen

Hollywood has long fetishized Japanese gangsters, with their full-body tattoos, missing pinkies and harems of buxom groupies. Ever since Sydney Pollack’s “The Yakuza” in 1974, the colorful mafiosi have provided regular fodder for directors including Ridley Scott and Quentin Tarantino. Curiously, studios are again ...

Banks vow mob-loans cleanup

Nov 16, 2013

Banks vow mob-loans cleanup

by Elaine Kurtenbach

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, ...

Mizuho has more loans to the mob

Nov 13, 2013

Mizuho has more loans to the mob

by Tomoko Otake

Mizuho Bank has outstanding loans to yakuza and other antisocial elements apart from car loans extended through its affiliate credit company, Orient Corp., President Ya­su­hi­ro Sa­to tells the Diet.

Nov 12, 2013

Banks halt loan flow to unaffiliated credit firms

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 ...

Nov 9, 2013

Hitachi's consumer credit unit caught up in Mizuho yakuza loan scandal

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 ...

Nov 8, 2013

Mizuho shareholders file complaint over yakuza loans

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 ...

Nov 7, 2013

Acom also admits extending shady loans to yakuza

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 ...