Chiba Kogyo Bank and Yachiyo Bank on Monday asked the government for a combined 95 billion yen in taxpayers' money to bolster their fragile capital bases.
Chiba Kogyo, based in Chiba and listed on the Tokyo Stock Exchange, is seeking authorization for a 60 billion yen injection while Yachiyo, an unlisted bank based in Tokyo, is seeking 35 billion yen.
The government's Financial Reconstruction Commission will approve the injections, and the banks are scheduled to receive the handouts Sept. 29, according to FRC officials.