The Japanese Association of Corporate Executives and the
Federation of Bankers Associations of Japan propose that the newly privatized entity should stop accepting new fixed-term deposits and handle only ordinary deposits, while conducting online payment services by utilizing automated teller machines at post offices across the country.
Iwasa held influential business posts, including the chairmanship of the former
Federation of Bankers Associations of Japan, renamed the Japanese Bankers Association, and the Japan Association of Corporate Executives (Keizai Doyukai), one of Japan's leading business groups.
TOKYO, March 9 Kyodo The Tokyo Interbank Offered Rates (TIBOR) announced by the
Federation of Bankers Associations of Japan on Tuesday.
Mr Satoru Kishi, president of Bank of Tokyo-Mitsubishi Ltd and chairman of the
Federation of Bankers Associations of Japan, said further disclosure "may aggravate the credit crunch and recovery of bad loans, and be detrimental to the economy".
What is the difference between the government's new bad-loan definitions, starting with the March 31 book-closings for banks, and older definitions devised by the
Federation of Bankers Associations of Japan (FBAJ), a predecessor to the Japanese Bankers Association?
Stressing the importance of prompt economic recovery, Satoru Kishi, chairman of the
Federation of Bankers Associations of Japan, said the continued decline of corporate demand for operating and capital-spending funds testifies to the seriousness of the nation's economic straits.
LTCB was also encouraged to apply lax loan-classification norms to its doubtful loans to affiliated nonbanks to which it has given financial aid, as the then
Federation of Bankers Associations of Japan published a booklet in July 1997 in which it said the MOF has allowed banks to classify such loans as category-2 loans.
The government "should not make haste to inflate prices, because inflation, once set in motion, may escalate," Satoru Kishi, chairman of the
Federation of Bankers Associations of Japan, told a news conference.
The
Federation of Bankers Associations of Japan said Tuesday it has changed its name to the Japanese Bankers Association as a result of organizational changes including acceptance of foreign members for the first time.
Later the interim report drew flak from the
Federation of Bankers Associations of Japan. The manual urges banks to reject any loan demands from underground crime syndicates or ''sokaiya'' corporate extortionists.
The economy is ''still severe,'' but there are some signs that show the downward trend is fading, Satoru Kishi, chairman of the
Federation of Bankers Associations of Japan, told a news conference.
TOKYO, March 2 Kyodo Five foreign banks have applied for membership of the
Federation of Bankers Associations of Japan to become the first foreign members of the bankers' trade group, federation officials said Tuesday.
