FSA to probe card loan biz as personal bankruptcies climb

Aug 31, 2017

FSA to probe card loan biz as personal bankruptcies climb

The nation's financial services regulator is expected to open a special investigation into the banking industry's card loan business this month in response to criticism that increased lending is contributing to a rise in personal bankruptcies, sources said. The Financial Services Agency will look into ...

Shoko Chukin Bank reprimanded over shady loans

/ May 10, 2017

Shoko Chukin Bank reprimanded over shady loans

The government on Tuesday issued a business improvement order to Shoko Chukin Bank, a government-linked lender for small and medium-size firms, found to have extended shady loans and falsified documents related to a state-backed program to help crisis-hit companies. The Ministry of Economy, Trade and ...

Jan 3, 2017

Small startups run by women getting more loans

Loans to women aiming to start a small business are increasing in line with the Abe administration's policy of boosting the role of women in the economy and society. The government-owned Japan Finance Corp. (JFC) made 1,282 loans for ¥3 million or less to women ...