• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Shortfalls Exposed As Japan's Banks Implement New Pension Accounting Rules Sep 00 Product Image

Shortfalls Exposed As Japan's Banks Implement New Pension Accounting Rules Sep 00

  • Published: September 2000
  • Region: Japan
  • Standard & Poors


  • 77 Bank Ltd.
  • Chiba Bank Ltd.
  • Higo Bank Ltd.
  • Iyo Bank Ltd.
  • Nanto Bank Ltd.
  • Shikoku Bank Ltd.
  • MORE

TOKYO (Standard & Poor's CreditWire) Sept. 28, 2000--New accounting rules for pension liabilities will force Japan's banks to disclose about ¥2 trillion in shortfalls, according to Standard & Poor's. While this will impair Japanese banks' already poor profitability, there is unlikely to be any immediate impact on their credit quality. Standard & Poor's estimates that total shortfalls for major banks and Tier I regional banks in Japan will amount to about ¥2 trillion, equivalent to 63% of the banks' core profits, or 13% of their Tier 1 capital for fiscal 1999 (ended March 31, 2000). The principal requirement of the new accounting rules, which took effect from April 2000, is the calculation of the banks' projected benefits obligation, or estimated...

Action: S&P Event

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different READ MORE >

- Fuji Bank Ltd.
- UFJ Bank Ltd.
- Tokai Bank Ltd.
- Daiwa Bank Ltd.
- Sumitomo Bank Ltd.
- Sumitomo Mitsui Trust Bank Ltd.
- Mitsubishi UFJ Trust and Banking Corp.
- Hokuriku Bank Ltd.
- Shizuoka Bank Ltd.
- Chiba Bank Ltd.
- Sakura Bank Ltd.
- Joyo Bank Ltd. (Unsolicited Ratings)
- Asahi Bank Ltd.
- Gunma Bank Ltd.
- Bank of Tokyo-Mitsubishi Ltd.
- Toho Bank Ltd.
- Hyakujushi Bank Ltd.
- Iyo Bank Ltd.
- Kiyo Bank Ltd.
- Bank of Yokohama Ltd. (Unsolicited Ratings)
- Hachijuni Bank Ltd.
- Nanto Bank Ltd.
- Suruga Bank Ltd.
- Juroku Bank Ltd.
- Daishi Bank Ltd. (Unsolicited Ratings)
- Bank of Kyoto Ltd.
- Hyakugo Bank Ltd.
- Hokkaido Bank Ltd.
- Shikoku Bank Ltd.
- Yamanashi Chuo Bank Ltd.
- Fukuoka City Bank Ltd.
- Hiroshima Bank Ltd. (Unsolicited Ratings)
- San-in Godo Bank Ltd.
- Bank of Fukuoka Ltd.
- Bank of Nagoya Ltd.
- Musashino Bank Ltd.
- Tokyo Tomin Bank Ltd.
- 77 Bank Ltd.
- Akita Bank Ltd.
- Higo Bank Ltd.
- Hokkoku Bank Ltd.
- Kagoshima Bank Ltd.
- Oita Bank Ltd.
- Ogaki Kyoritsu Bank Ltd.
- Shiga Bank Ltd.
- Yamaguchi Bank Ltd.
- Keiyo Bank Ltd.
- UFJ Trust Bank Ltd.
- Chuo Mitsui Trust & Banking Co. Ltd.

Note: Product cover images may vary from those shown