Nippon Life to stop financing coal-fired power

Business Jul 24, 2018

Nippon Life to stop financing coal-fired power

Nippon Life Insurance Co. will no longer extend loans for, or invest in, coal-fired power plants due to environmental concerns, an official at Japan's biggest life insurer said, in the first such move by a major domestic institutional investor. Japanese banks in recent months have ...

Business Mar 4, 2014

Regional banks face growing pressure to merge

Regulators are increasing the pressure on regional banks to consolidate, worried that shrinking populations outside Japan's major cities will leave lenders too weak to stand on their own. After direct prodding from the head of the Financial Services Agency for the more than 100 regional ...