Sumitomo Trust & Banking Co. said Wednesday it will return some 200 billion yen in public funds to the government next week it received in 1999.

It will be the fourth bank to pay back in full public funds injected under the government’s bank recapitalization program, following on the heels of the Bank of Tokyo-Mitsubishi, Mitsubishi Trust & Banking Corp. and Kansai Sawayaka Bank.

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.