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May 07, 2024
 

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YAKUZA

JAPAN / Media / DARK SIDE OF THE RISING SUN
Jan 4, 2014
Here's eyeing Japan 2014 — warts an' all
"To know the future, look at the past," is a familiar Buddhist aphorism. However, it's also said that a prophet isn't honored in his hometown — which is why I live in Tokyo. As we ride into the Year of the Horse, I thought I'd canter awhile through times to come and report back on what I found. My apologies if some predictions are rather dire and dark; if you're easily offended, you're sure to be fuming by the time you finish. So: Off we go . . .
BUSINESS
Dec 26, 2013
Mizuho ordered to halt affiliated loans for month
The Financial Services Agency orders Mizuho Bank to suspend some of its 'affiliated loans' for a month for doing business with organized crime.
Japan Times
JAPAN
Dec 19, 2013
'Gyoza' chain chief shot dead outside HQ
The president of the nationwide Ohsho 'gyoza' (dumpling) restaurant chain is gunned down in front of the company's headquarters in Kyoto.
WORLD
Nov 23, 2013
Japan's yakuza woes return to the silver screen
Hollywood has long fetishized Japanese gangsters, with their full-body tattoos, missing pinkies and harems of buxom groupies. Ever since Sydney Pollack's "The Yakuza" in 1974, the colorful mafiosi have provided regular fodder for directors including Ridley Scott and Quentin Tarantino.
Japan Times
BUSINESS
Nov 13, 2013
Mizuho has more loans to the mob
Mizuho Bank has outstanding loans to yakuza and other antisocial elements apart from car loans extended through its affiliate credit company, Orient Corp., President Yau00adsuu00adhiu00adro Sau00adto tells the Diet.
Japan Times
JAPAN
Nov 12, 2013
Sumitomo Mitsui affiliate may have extended loans to crime groups
Loans screened by a credit company under Sumitomo Mitsui Financial Group are suspected to have been extended to people linked to organized crime and other antisocial forces, Sumitomo Mitsui President Koichi Miyata says.
JAPAN / Crime & Legal
Nov 8, 2013
Mizuho shareholders file complaint over yakuza loans
Two shareholders of Mizuho Financial Group Inc. have filed a criminal complaint with investigative authorities against Mizuho Bank, claiming it intentionally made a false report to the Financial Services Agency in connection with loans to yakuza, their lawyers said.
BUSINESS / Companies
Nov 7, 2013
Acom also admits extending shady loans to yakuza
Acom Co., a consumer loan company under Mitsubishi UFJ Financial Group Inc., said Thursday it has extended several loans to individuals linked to organized crime and other anti-social forces, becoming the latest in a string of lenders to own up to the practice.
JAPAN / Crime & Legal
Nov 6, 2013
Did stalls net yakuza ¥300 million?
About u00a5300 million from all the money collected by an association of stall operators in Hyogo Prefecture last year remains unaccounted for, and most likely went to the yakuza, prefectural police say.
JAPAN / Crime & Legal
Nov 5, 2013
Mobster held over training subsidies
The boss of a yakuza organization affiliated with the Dojin-kai, an organized crime syndicate based in Kurume, Fukuoka Prefecture, was arrested Monday on charges of illegally taking government subsidies, police said.
Japan Times
BUSINESS / Companies
Oct 31, 2013
Regional banks shun Mizuho over scandal
At least seven of the nation's 14 regional banks tied up with Mizuho Financial Group Inc.'s credit company, Orient Corp., will stop doing business with it due to the scandal over Orient's loans to the underworld, according to bank officials.
BUSINESS / Companies / ANALYSIS
Oct 29, 2013
Shady loans have long history; laws slow to catch up
Mizuho Bank's loans to yakuza and other shady individuals through its group credit company Orient Corp. may be just the tip of the iceberg as corporate Japan struggles to break off its long-held ties with organized crime.
Japan Times
JAPAN / Crime & Legal
Oct 28, 2013
Mizuho offers denials as heads roll over mob loans
Mizuho Bank announces it will punish 54 present and former executives for lending money to organized crime groups but denies it colluded with yakuza.
BUSINESS
Oct 20, 2013
Mizuho to up scrutiny to prevent mob loans
To ensure that no more loans are made to organized crime groups, Mizuho Bank is considering setting up a special organization and bringing in an outside board member to strengthen supervision, sources said Sunday.
BUSINESS / Companies
Oct 17, 2013
Mizuho reported to FSA about shady loans without sufficient probe
A former Mizuho Bank vice president in charge of compliance matters said Thursday the bank submitted to Japan's financial watchdog a false report on its lending to people related to underworld groups without interviewing him.
EDITORIALS
Oct 15, 2013
Get to the bottom of shady loans
The inability of Japan's third-largest bank to break the habit of approving car loans for yakuza reflects poor corporate governance and besmirches the reputation of the financial industry.
BUSINESS / Companies
Oct 12, 2013
Mizuho Bank faces more FSA penalties over yakuza loans
The Financial Services Agency will weigh additional penalties against Mizuho Bank after it explains later this month its failure to reveal executives' involvement in loans to underworld groups, officials of the watchdog said.
BUSINESS / Companies
Oct 9, 2013
Mizuho told to submit further report on loans to yakuza
The Financial Services Agency issues a fresh order to Mizuho Bank and its parent, Mizuho Financial Group Inc., to report on the bank's lending to the mob, after Mizuho's previous account of the matter turned out to be incorrect.
BUSINESS / Companies
Oct 5, 2013
Mizuho set to punish president, chairman over loans to mobsters
Mizuho Bank is expected to take punitive steps against its president and chairman for mishandling a scandal over loans extended to underworld groups.
JAPAN / Media / DARK SIDE OF THE RISING SUN
Oct 5, 2013
Has business blackballed the yakuza? Don't bank on it
The Financial Services Agency (FSA) publicly spanked Mizuho Bank last month by slapping it with a "business improvement order" for letting Japan's organized crime groups use its facilities. At least $2 million in illegal transactions were cited.
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
Japan says Biden's description of nation as xenophobic is 'unfortunate'
The National Diet building in Tokyo
Tokuryū, a new crime menace in Japan, emerges from the shadows
The National Police Agency coined the term "tokuryū" to classify individuals involved in dark part time jobs and quasi-gangsters, using the words "tokumei" (anonymous) and "ryūdo" (fluid) to reflect their characteristics.
Is Modi’s party heading for a stunning election loss?
Indian Prime Minister Narendra Modi's campaign tactics have escalated, including anti-Muslim rhetoric and fearmongering, reflecting his ruling party's desperation.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.
After blockbuster boxing victory, what next for ‘Monster’ Inoue?
Naoya Inoue celebrates his victory over Luis Nery in their IBF-WBA-WBC-WBO super bantamweight title boxing match at Tokyo Dome on Monday.
Japan’s tween skateboarders get head start on preparations for 2028 Olympics
Ibuki Matsumoto competes at an event in Osaka on April 21.
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.
Debate on constitutional revision at a standstill despite Kishida's pledges
With less than two months left before the conclusion of the current session of parliament, any possibility that Prime Minister Fumio Kishida can deliver constitutional reform before the end of his term as Liberal Democratic Party president in late September, as he has promised, appears remote.

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