Record-low bad debts make up for disappearing loan profit

Business Aug 13, 2015

Record-low bad debts make up for disappearing loan profit

Plunging interest rates are helping reduce Japanese banks' bad debt to record-low levels of almost a fifth of their highs 13 years ago. The drop in borrowing costs that narrowed Japanese net interest margins to the slimmest in Asia also was a factor in driving ...

LDP pushes for higher deposit cap for postal giant before IPO

Business Mar 19, 2015

LDP pushes for higher deposit cap for postal giant before IPO

The ruling Liberal Democratic Party wants to raise the deposit limit at state-owned Japan Post Holdings Co.'s lending arm before a planned initial public offering later this year, according to a lawmaker who is backing the change. A higher ceiling than the current ¥10 million ...