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Gov't scraps full guarantee on time deposits

Gov't scraps full guarantee on time deposits

TOKYO, Japan - The Japanese government on April 1 abolished the full guarantee for time deposits in the event of a bank failure in a move that will force depositors to be much more choosy about where they place their hard-earned cash. An unidentified depositor listens to an explanation about the financial state of Jonan Credit Bank in Tokyo on April 1.

  •  
Gov't scraps full guarantee on time deposits

Gov't scraps full guarantee on time deposits

TOKYO, Japan - The Japanese government on April 1 abolished the full guarantee for time deposits in the event of a bank failure in a move that will force depositors to be much more choosy about where they place their hard-earned cash. An unidentified depositor listens to an explanation about the financial state of Jonan Credit Bank in Tokyo on April 1.

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