Most of the 21 banks that have qualified for an injection of public funds, including the 17 approved by the Cabinet on March 17, plan to pay their executives 20 million yen or more a year.
The figures are part of the banks’ voluntary restructuring plans submitted to an in-house committee of the government-backed Deposit Insurance Corp. The documents were released to the press after the Cabinet granted its approval.
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 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
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.