The basic drafts of two bills to pave the way for the establishment of financial holding companies was endorsed Sept. 30 by the three parties that support the government of Prime Minister Ryutaro Hashimoto.
One bill says a financial holding company that has a banking subsidiary can hold, in aggregate with all its subsidiaries, no more than 15 percent of the outstanding stock of any one nonfinancial company.
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.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.