• SHARE

Tsugio Yukihira, chairman of Yamaichi Securities Co., officially stepped down August 6 as head of the Securities Dealers Association of Japan to take responsibility for alleged illegal payoffs to a “sokaiya” corporate extortionist.

Seiichi Kato, chairman of Okasan Securities Co., was appointed acting chairman of the industry association. Kato will hold the position “for the time being” until a new chairman is appointed, he told reporters. Kato said he has no intention of assuming the chairmanship.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW