• SHARE

BR>The head of the nonlife insurance industry on Thursday tried to distance his field from the nation’s banking scandal, saying nonlife insurance firms do not excessively wine and dine Finance Ministry officials.

Takashi Onoda, chairman of the Marine and Fire Insurance Association of Japan, said he believes member firms have no such positions as “MOF-tan,” or employees designated to regularly contact the Finance Ministry and obtain ministry information.

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