• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Recapitalizing Japan's Banks: Impact on Bank and Sovereign Ratings Oct 02 Product Image

Recapitalizing Japan's Banks: Impact on Bank and Sovereign Ratings Oct 02

  • ID: 2087758
  • October 2002
  • Region: Japan
  • Standard & Poors

FEATURED COMPANIES

  • Aozora Bank Ltd.
  • Asahi Bank Ltd.
  • Daiwa Bank Ltd.
  • Mizuho Bank Ltd.
  • Mizuho Bank Ltd.(Old)
  • Shinsei Bank Ltd.
  • MORE

Abstract
The appointment of Heizo Takenaka to the joint posts of state minister for Financial Services and for Economic and Fiscal Policy has brought an abrupt swing in Japan's banking policy. In contrast to the previous minister in charge of the Financial Services Agency (FSA), Takenaka has called for a rapid solution to Japanese banks' bad loan problems, including possible infusions of public funds to restore their diminished capital. Takenaka has used unusually straightforward language in discussing the banking sector's woes, questioning the classification of bad loans and calling for stricter assessments of banks' assets. Significantly, he has suggested that a change in "corporate governance practices"understood to mean a change in managementwould be an essential ingredient in bringing the banking sector...

Companies mentioned in this report are:
- Shinsei Bank Ltd.
- UFJ Bank Ltd.
- Japan (Unsolicited Ratings)
- Daiwa Bank Ltd.
- Aozora Bank Ltd.
- Sumitomo Mitsui Trust Bank Ltd.
- Mitsubishi UFJ Trust and Banking Corp.
- Asahi Bank Ltd.
- Bank of Tokyo-Mitsubishi Ltd.
- UFJ Trust Bank Ltd.
- Chuo Mitsui Trust & Banking Co. Ltd.
- READ MORE >

- Shinsei Bank Ltd.
- UFJ Bank Ltd.
- Japan (Unsolicited Ratings)
- Daiwa Bank Ltd.
- Aozora Bank Ltd.
- Sumitomo Mitsui Trust Bank Ltd.
- Mitsubishi UFJ Trust and Banking Corp.
- Asahi Bank Ltd.
- Bank of Tokyo-Mitsubishi Ltd.
- UFJ Trust Bank Ltd.
- Chuo Mitsui Trust & Banking Co. Ltd.
- Sumitomo Mitsui Banking Corp.
- Mizuho Bank Ltd.(Old)
- Mizuho Bank Ltd.

Note: Product cover images may vary from those shown

RELATED PRODUCTS