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 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.
Associations of bigger banks such as the Regional Banks Association of Japan and the
Federation of Bankers Associations of Japan have not expressed any opposition to the April 2001 introduction.
The number of board members at 143 banks in Japan totaled 2,705 at the end of last September, down from a peak 3,172 in 1994, the
Federation of Bankers Associations of Japan reported Monday.
It was reasonable to accept the request,'' Satoru Kishi, chairman of the
Federation of Bankers Associations of Japan, told a news conference.
It is no doubt that banks' current lending attitude is hampering an early economic recovery,'' Satoru Kishi, chairman of the
Federation of Bankers Associations of Japan, told a regular news conference.
The government short listed officers, incumbent or retired, of the Bank of Tokyo-Mitsubishi, which currently chairs the
Federation of Bankers Associations of Japan, according to the sources.
