Ryuichi Koike, who on Tuesday went on trial for allegedly extorting huge sums from five of Japan’s biggest financial institutions, showed no emotion when he heard about the recent collapse of Yamaichi Securities Co., according to sources.

Yamaichi, the nation’s fourth-largest brokerage, allegedly provided him with 107 million yen in illegal payoffs. It filed for voluntary closure on Nov. 24. Upon hearing the news, Koike, 54, reportedly said, “It would be natural.”

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.