The Financial Services Agency convened a Financial System Council working group on 16 September and presented issues concerning a review of regulations governing the entry of foreign financial institutions. The discussions suggest that overseas funds may be used for large loans to Japanese companies. The article contains no specific company names or amounts.
The Financial Services Agency presented issues concerning a review of the Money Lending Business Act at a Financial System Council working group on 16 September. The discussion included a review of regulations governing the entry of foreign financial institutions.
The issues reportedly focused on exploring the possibility of using overseas funds for large loans to Japanese companies.
The article contains no specific facts, such as individual company names or amounts, and further updates are awaited.