Mazda seeks ¥300 billion in loans from domestic banks amid pandemic

Business May 10, 2020

Mazda seeks ¥300 billion in loans from domestic banks amid pandemic

Mazda Motor Corp. has asked for ¥300 billion ($2.8 billion) in loans from Japan's three mega-banks and other lenders, company sources said Saturday, as the coronavirus pandemic has damaged the automaker's sales and clouded the outlook for the auto industry. The virus outbreak has dragged ...

Mizuho Bank increases risky credit in competitive market

Business Oct 16, 2019

Mizuho Bank increases risky credit in competitive market

Mizuho Financial Group Inc. is extending riskier types of corporate credit to fend off competition in a country that's awash with easy money. Japan's third-largest bank by market value will offer companies more subordinated loans and other types of mezzanine finance, said Koji Fujiwara, CEO ...

Business Jun 17, 2019

'New' loan sharks increasing on social media, Japan panel says

The rise of illegal financing by unregistered lenders through social media, including Twitter, was a point of discussion at a Financial Services Agency panel meeting Monday. The FSA plans to respond to this new breed of loan sharks, in cooperation with the National Police Agency ...