AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Internationally Competitive Financial Conglomerates Eyed.

Asia Africa Intelligence Wire

| March 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Journal of Japanese Trade & Industry (JJTI))

The Financial Services Agency has drawn up "the Program for Further Financial Reform" to serve as a guideline for Japan's financial policy after the government completely removes the full deposit guarantee at the end of March. The new program, "Japan's challenge: Moving toward a Financial Services Nation," calls for, among other things, establishing new legal frameworks to help create financial conglomerates that operate across several different financial sectors such as banking, securities and insurance. Japan is now poised to follow the trend of financial realignment that is continuing in the United States and Europe in a bid to bolster the international competitiveness of its financial sector.

Japan has been hard-pressed to clear away non-performing loans (NPLs) and the government introduced a financial revitalization program when Takenaka Heizo served as the financial services minister. The program called for halving the ratio of bad loans to total lending at major commercial banks by the end of ...

Related articles from newspapers, magazines, journals, and more
Financial Services Agency Official Yoshio Horimoto Named Managing Director of...
Press release article from: Business Wire August 12, 2008 700+ words
...official of Japan's Financial Services Agency, Yoshio Horimoto, as...in the top ranks of the Financial Services Agency, which he joined at its...during his tenure at the Financial Services Agency and throughout his time...
Takafumi Sato, Former Commissioner of Japan's Financial Services Agency, Joins...
Press release article from: Business Wire November 2, 2009 700+ words
...global consulting firm for financial services companies, has appointed...Commissioner of Japan's Financial Services Agency (FSA), as a Senior Adviser...director of the U.K.'s Financial Services Authority; Takuya Fujii...
Financial Services Agency considers protections for electronic money users.
Magazine article from: Innovative New Packaging in Japan March 25, 2004 700+ words
The Financial Services Agency has started studying the idea of regulating electronic money...regulates physical cards and may not cover electronic money. The Financial Services Agency believes protective measures are necessary in case of bankruptcy...
Financial Services Agency penalizes Sompo Japan for negligence.
Newspaper article from: Yomiuri Shimbun (Toyko, Japan) May 25, 2006 700+ words
May 25--TOKYO -- The Financial Services Agency on Thursday ordered Sompo Japan Insurance Inc. to suspend part of its operations as punishment for the major insurance company...
Japan's Financial Services Agency Extends Deadline on Industrywide Claims...
Press release article from: PR Newswire February 8, 2007 700+ words
...Aflac Incorporated announced today that its operation in Japan has received notification from Japan's Financial Services Agency (FSA) that the deadline for a five-year claims review already in progress has been extended. As Aflac Incorporated...
Fujitsu Completes Financial Services Agency's New EDINET System; New System...
News wire article from: JCN Newswires March 17, 2008 700+ words
...17, 2008 - (JCN Newswire) - Fujitsu Limited today announced that it has completed development of the Japan Financial Services Agency's (FSA) new EDINET system[1], an electronic system for publicly listed corporations to file financial...
UFJ presents business-improvement plans to Japan financial-services agency.
Newspaper article from: Kyodo News International (Tokyo, Japan) July 26, 2004 700+ words
Jul. 26--TOKYO -- UFJ Holdings Inc. told the Financial Services Agency Monday it will carry out organizational changes, including an increase in outside directors, in response to business improvement...
Citibank, N.A. Japan Branch Statement Regarding Financial Services Agency...
Press release article from: Business Wire September 17, 2004 700+ words
TOKYO -- Citibank, N.A. Japan Branch accepts the basis for the orders announced today by the Financial Services Agency of Japan (FSA) and places the utmost priority on complying with the FSA's directives. Based on a recent...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA