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Indonesia, Japan fail to agree over aluminum firm

JAKARTA, Indonesia - Indonesian Industry Minister Mohamad Suleman Hidayat holds a press conference in Jakarta on Nov. 1, 2013, after Indonesia failed to reach an agreement with a Japanese consortium on a dispute over Japanese shares in an aluminum producer nationalized by Jakarta. He said Japanese shareholders in Nippon Asahan Aluminum, or NAA, will bring the case to the Singapore-based International Center for Settlement of Investment Disputes.

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Indonesia, Japan fail to agree over aluminum firm

JAKARTA, Indonesia - Indonesian Industry Minister Mohamad Suleman Hidayat (L) briefs President Susilo Bambang Yudhoyono in Jakarta on Nov. 1, 2013, after Indonesia failed to reach an agreement with a Japanese consortium on a dispute over Japanese shares in an aluminum producer nationalized by Jakarta. The industry minister told reporters that Japanese shareholders in Nippon Asahan Aluminum, or NAA, will bring the case to the Singapore-based International Center for Settlement of Investment Disputes.

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Ashikaga Bank ends operations under state control

UTSUNOMIYA, Japan - Ashikaga Bank President Satoru Fujisawa speaks during a news conference in Utsunomiya, Tochigi Prefecture, on July 1. Ashikaga Holdings Co., formed by an investment consortium, said the same day it has acquired all shares in Ashikaga Bank from the government, converting the once-nationalized bank into a wholly owned subsidiary.

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Ashikaga Bank incurs 679 bil. yen negative net worth

UTSUNOMIYA, Japan - Nationalized Ashikaga Bank President Norito Ikeda tells reporters in Utsunomiya, Tochigi Prefecture, on June 11 that the bank developed a negative net worth of 679.0 billion yen in fiscal 2003 due to a surge in loan-loss charges stemming mainly from stricter assessment of the performances of its corporate borrowers.

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Ashikaga Bank to cut 300 jobs, cut labor costs by 30%

UTSUNOMIYA, Japan - Ashikaga Bank President Norihito Ikeda speaks at a press conference in Utsunomiya, Tochigi Prefecture, on Feb. 6. He said the bank plans to cut about 300 jobs by the end of March 2006 under a restructuring program aimed at turning the temporarily nationalized bank around.

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Former Bank of Yokohama exec to head Ashikaga Bank

TOKYO, Japan - Norito Ikeda, former chief personnel officer of the Bank of Yokohama, speaks at a news conference in Utsunomiya, Tochigi Prefecture, on Dec. 16. The government decided to appoint him as president of the recently nationalized bank.

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NCB to make fresh start as 'Aozora Bank'

TOKYO, Japan - File photo shows the Tokyo headquarters of the nationalized Nippon Credit Bank (NCB), which was sold to a consortium led by Internet investor Softbank Corp. on Sept. 1. The group plans to rename it ''Aozora Bank'' -- the Japanese word for blue sky -- on Jan. 1 next year.

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Gov't to pour 3.2 tril. yen into NCB before sale

TOKYO, Japan - Noboru Matsuda, head of the state-run Deposit Insurance Corp. (DIC), speaks at a news conference at his office Aug. 25. Under a scheme endorsed by the government earlier in the day, DIC will provide financial assistance to the nationalized Nippon Credit Bank (NCB), including the purchase of its bad loans, to help bolster the failed bank's capital base.

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NCB president meet the press

TOKYO, Japan - Takuya Fujii, president of the nationalized Nippon Credit Bank (NCB), speaks at a news conference at the bank's head office in Tokyo on Aug. 25 after the government endorsed a plan to inject 3.2 trillion into the failed bank before selling it to a consortium led by Internet investor Softbank Corp.

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Shinsei to forgive loan to troubled builder Hazama

TOKYO, Japan - Masamoto Yashiro, chairman and chief executive officer of Shinsei Bank, speaks in an interview with Kyodo News on Aug. 10. Yashiro said the bank will forgive a loan to financially troubled contractor Hazama Corp. Shinsei, formerly the nationalized Long-Term Credit Bank of Japan, caused a stir in June when it refused to give up claims on loans to ailing department-store operator Sogo Co.

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FRC inks accord to sell NCB to Softbank-led group

TOKYO, Japan - Tadayo Homma (L), next president of Nippon Credit Bank (NCB), joins hand with Shunsuke Takeda (2nd from L), vice president of leasing company Orix Corp., Softbank Corp. founder and President Masayoshi Son (3rd from L), and Tomochika Iwashita (R), managing director of Tokio Marine & Fire Insurance Co., at a Tokyo hotel on June 6 after the government's Financial Reconstruction Commission (FRC) and Deposit Insurance Corp. (DIC) signed a basic agreement earlier in the day to sell the nationalized NCB to the tripartite consortium led by Softbank.

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Ripplewood-led group picked as possible LTCB buyer

TOKYO, Japan - The Financial Reconstruction Commission, in a meeting in Tokyo on Sept. 28, decides to open priority negotiations with an investor group led by U.S. investment house Ripplewood Holdings LLC on sale of the nationalized Long-Term Credit Bank of Japan (LTCB). Second from L is commission chairman Hakuo Yanagisawa.

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Reps of New LTCB Partners meet press

TOKYO, Japan - New LTCB Partners CV representatives Masamoto Yashiro (L) and Timothy Collins (R) shake hands before holding a press conference at a Tokyo hotel on Sept. 28 as the Japanese government announced the same day that New LTCB Partners, an investor group led by U.S. investment house Ripplewood Holdings LLC, is the most preferred candidate to acquire all the operations of the nationalized Long-Term Credit Bank of Japan (LTCB).

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LTCB put under state control

Takashi Anzai, new president of the Long-Term Credit Bank of Japan (LTCB), speaks at a news conference in Tokyo on Wednesday Nov. 4. The ailing LTCB began operating as a nationalized bank under new management in a first step toward disposing of its bad loans under banking legislation enacted last month.

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LTCB executives apologizes

Tsuneo Suzuki (C), president of the Long-Term Credit Bank of Japan (LTCB), flanked by other bank executives, offers an apology to shareholders and clients in Tokyo on Oct. 23 for any inconveniences the bank's decision to come under state control has brought. The LTCB, one of three Japanese long-term credit banks, is the first bank to be nationalized under a law enacted earlier this month to avoid the possibility of its severing credit lines to its corporate borrowers and defaulting on its obligations to creditors.

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Ashikaga Bank ends operations under state control

UTSUNOMIYA, Japan - Ashikaga Bank President Satoru Fujisawa speaks during a news conference in Utsunomiya, Tochigi Prefecture, on July 1. Ashikaga Holdings Co., formed by an investment consortium, said the same day it has acquired all shares in Ashikaga Bank from the government, converting the once-nationalized bank into a wholly owned subsidiary. (Kyodo)

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Gov't to pour 3.2 tril. yen into NCB before sale

TOKYO, Japan - Noboru Matsuda, head of the state-run Deposit Insurance Corp. (DIC), speaks at a news conference at his office Aug. 25. Under a scheme endorsed by the government earlier in the day, DIC will provide financial assistance to the nationalized Nippon Credit Bank (NCB), including the purchase of its bad loans, to help bolster the failed bank's capital base.

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Bank of Tokyo-M'bishi UFJ opens 1st branch in Myanmar

Tateshi Higuchi (R), Japanese ambassador to Myanmar, applauds during the opening ceremony for the Bank of Tokyo-Mitsubishi UFJ's branch in Yangon, the largest city in Myanmar, on April 22, 2015. The Japanese bank became one of the first foreign banks to offer financial services in the Southeast Asian country since 1963 when all banks were nationalized under the socialist system. (Kyodo) ==Kyodo

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TEPCO may stay nationalized to deal with massive disaster bill

Japanese Minister of Economy, Trade and Industry Hiroshige Seko addresses a meeting of an expert panel on reform of Tokyo Electric Power Co. Holdings Inc. in Tokyo on Dec. 5, 2016. The government said the same day the utility, which is facing massive costs stemming from the 2011 nuclear crisis, may effectively remain under state control longer than initially planned. (Kyodo) ==Kyodo

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TEPCO may stay nationalized to deal with massive disaster bill

The Ministry of Economy, Trade and Industry holds a meeting of an expert panel on reform of Tokyo Electric Power Co. Holdings Inc. in Tokyo on Dec. 5, 2016. The government said the same day the utility, which is facing massive costs stemming from the 2011 nuclear crisis, may effectively remain under state control longer than initially planned. (Kyodo) ==Kyodo

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Ashikaga Bank incurs 679 bil. yen negative net worth

UTSUNOMIYA, Japan - Nationalized Ashikaga Bank President Norito Ikeda tells reporters in Utsunomiya, Tochigi Prefecture, on June 11 that the bank developed a negative net worth of 679.0 billion yen in fiscal 2003 due to a surge in loan-loss charges stemming mainly from stricter assessment of the performances of its corporate borrowers. (Kyodo)

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Ashikaga Bank to cut 300 jobs, cut labor costs by 30%

UTSUNOMIYA, Japan - Ashikaga Bank President Norihito Ikeda speaks at a press conference in Utsunomiya, Tochigi Prefecture, on Feb. 6. He said the bank plans to cut about 300 jobs by the end of March 2006 under a restructuring program aimed at turning the temporarily nationalized bank around. (Kyodo)

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Former Bank of Yokohama exec to head Ashikaga Bank

TOKYO, Japan - Norito Ikeda, former chief personnel officer of the Bank of Yokohama, speaks at a news conference in Utsunomiya, Tochigi Prefecture, on Dec. 16. The government decided to appoint him as president of the recently nationalized bank. (Kyodo)

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NCB to make fresh start as 'Aozora Bank'

TOKYO, Japan - File photo shows the Tokyo headquarters of the nationalized Nippon Credit Bank (NCB), which was sold to a consortium led by Internet investor Softbank Corp. on Sept. 1. The group plans to rename it ''Aozora Bank'' -- the Japanese word for blue sky -- on Jan. 1 next year.

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NCB president meet the press

TOKYO, Japan - Takuya Fujii, president of the nationalized Nippon Credit Bank (NCB), speaks at a news conference at the bank's head office in Tokyo on Aug. 25 after the government endorsed a plan to inject \3.2 trillion into the failed bank before selling it to a consortium led by Internet investor Softbank Corp.

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Shinsei to forgive loan to troubled builder Hazama

TOKYO, Japan - Masamoto Yashiro, chairman and chief executive officer of Shinsei Bank, speaks in an interview with Kyodo News on Aug. 10. Yashiro said the bank will forgive a loan to financially troubled contractor Hazama Corp. Shinsei, formerly the nationalized Long-Term Credit Bank of Japan, caused a stir in June when it refused to give up claims on loans to ailing department-store operator Sogo Co.

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FRC inks accord to sell NCB to Softbank-led group

TOKYO, Japan - Tadayo Homma (L), next president of Nippon Credit Bank (NCB), joins hand with Shunsuke Takeda (2nd from L), vice president of leasing company Orix Corp., Softbank Corp. founder and President Masayoshi Son (3rd from L), and Tomochika Iwashita (R), managing director of Tokio Marine & Fire Insurance Co., at a Tokyo hotel on June 6 after the government's Financial Reconstruction Commission (FRC) and Deposit Insurance Corp. (DIC) signed a basic agreement earlier in the day to sell the nationalized NCB to the tripartite consortium led by Softbank.

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Softbank group to negotiate purchase of NCB

TOKYO, Japan - A photo taken from a Kyodo News helicopter Feb. 24 shows the head office in Tokyo of Nippon Credit Bank (NCB). The Financial Reconstruction Commission (FRC) announced its decision earlier in the day to give an alliance of companies led by Softbank Corp. the first shot at negotiating the terms of the proposed purchase of the nationalized bank.

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Softbank group given 1st shot in NCB purchase talks

TOKYO, Japan - Michio Ochi (2nd from R), chairman of the Financial Reconstruction Commission (FRC), is about to take a seat for a news conference Feb. 24, where he announced a decision to give a group of companies led by Softbank Corp. the first shot at negotiating the terms of the proposed purchase of the nationalized Nippon Credit Bank (NCB).

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New LTCB to open as FRC approves agreement

TOKYO, Japan - The Financial Reconstruction Commission on Feb. 9 approved the final agreement on the sale of the nationalized Long-Term Credit Bank of Japan (LTCB) to an international consortium led by U.S. fund Ripplewood Holdings LLC. The new LTCB begins operations March 2. Among the signatories to the agreement were Masamoto Yashiro (third from R), as representative of New LTCB Partners, LTCB President Takashi Anzai (second from L), Noboru Matsuda (third from L), governor of Deposit Insurance Corp. (DIC), which owns LTCB's 2.4 billion common shares, Ripplewood founder Timothy Collins (second from R), and Christopher Flowers (R), former head of the Goldman Sachs Financial Institutions Group. At left is Keiji Matsuda, deputy governor of DIC.

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Ripplewood-led group picked as possible LTCB buyer

TOKYO, Japan - The Financial Reconstruction Commission, in a meeting in Tokyo on Sept. 28, decides to open priority negotiations with an investor group led by U.S. investment house Ripplewood Holdings LLC on sale of the nationalized Long-Term Credit Bank of Japan (LTCB). Second from L is commission chairman Hakuo Yanagisawa.

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Reps of New LTCB Partners meet press

TOKYO, Japan - New LTCB Partners CV representatives Masamoto Yashiro (L) and Timothy Collins (R) shake hands before holding a press conference at a Tokyo hotel on Sept. 28 as the Japanese government announced the same day that New LTCB Partners, an investor group led by U.S. investment house Ripplewood Holdings LLC, is the most preferred candidate to acquire all the operations of the nationalized Long-Term Credit Bank of Japan (LTCB).

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LTCB put under state control

Takashi Anzai, new president of the Long-Term Credit Bank of Japan (LTCB), speaks at a news conference in Tokyo on Wednesday Nov. 4. The ailing LTCB began operating as a nationalized bank under new management in a first step toward disposing of its bad loans under banking legislation enacted last month. ==Kyodo

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LTCB executives apologizes

Tsuneo Suzuki (C), president of the Long-Term Credit Bank of Japan (LTCB), flanked by other bank executives, offers an apology to shareholders and clients in Tokyo on Oct. 23 for any inconveniences the bank's decision to come under state control has brought. The LTCB, one of three Japanese long-term credit banks, is the first bank to be nationalized under a law enacted earlier this month to avoid the possibility of its severing credit lines to its corporate borrowers and defaulting on its obligations to creditors.