Financial Regulatory Forum

Japan bank minister says repayment halt good for banks

Japan's newly appointed Financial Services and Postal Services Minister Shizuka Kamei speaks during a news conference at the prime minister's official residence in Tokyo September 16, 2009.   REUTERS/Issei Kato By David Dolan and Noriyuki Hirata
TOKYO, Sept 19 (Reuters) – Japan’s new banking minister said his plan to freeze the repayment of bank loans to help debt-burdened individuals and small companies would be a positive for the banks, even as investors have fled financial stocks.

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Japan taps ex-police official for bank minister – report

Shizuka Kamei, acting party leader of People's New Party, speaks at the Foreign Correspondents' Club of Japan in Tokyo August 17, 2009. REUTERS/Yuriko Nakao TOKYO, Sept 15 (Reuters) – Japan’s incoming government has picked a 72-year-old veteran politician and former police official to take charge of financial supervision in the world’s second-largest economy, public broadcaster NHK said on Tuesday.

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