BOJ watching for spikes in loans to realtors
December 31, 2005Concerned over the possibility of another economic bubble, the Bank of Japan plans to more closely examine real-estate-related loans by financial institutions and call for improvements if it sees the loans as excessive, the Nihon Keizai Shimbun repor...
Sumitomo Mitsui to expand in Asia
December 31, 2005Sumitomo Mitsui Financial Group Inc President Teisuke Kitayama said Friday the group plans to expand its overseas business to include small companies and individuals, particularly in Asian countries. The financial group's current overseas operatio...
Mycal completes rehab process 7 years ahead of schedule
December 31, 2005Supermarket chain operator Mycal Corp said Saturday the reconstruction process following its failure in 2001 has been completed seven years ahead of schedule. The company has almost finished repaying more than 200 billion yen in debts to financial...