Japanese bankers mull extending hours for money transfers

Business Oct 10, 2014

Japanese bankers mull extending hours for money transfers

Financial institutions are set to extend the hours during which customers can make immediate money transfers to a third party, industry sources said Friday. The government of Prime Minister Shinzo Abe has been urging banks and financial services institutions to take steps to boost economic ...

Business Apr 1, 2014

Banks see economy withstanding sales tax increase

The economy will probably withstand the consumption tax increase that took effect Tuesday as Prime Minister Shinzo Abe prepares stimulus measures and companies raise wages, the new head of the bank lobby said. Abe remains on track to achieve his goal of ending deflation after ...

Business Jul 5, 2013

Bankers' group to ratchet up oversight of Tibor

The Japanese Bankers Association will step up oversight of the country's benchmark interbank lending rates as part of global efforts to tighten supervision in the wake of the Libor rate-rigging scandal. The association will revise rules for the Tokyo interbank offered rate, or Tibor, and ...