FRC inks accord to sell NCB to Softbank-led group

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.

Organizers of "share village" project stand before old folk house

Organizers of "share village" project stand before old folk house

Organizers of a "share village" project stand in front of an old folk house, designated as a "village," in Gojome Town, Akita Prefecture, Japan, in June 2015. They are Shunsuke Ushida (L), president of a venture business who initiated the project, and Masahiro Takeda, president of a rice direct-selling company who serves as the village mayor. People who pay an annual fee of 3,000 yen, called "tax," can become the "villagers" and enjoy country life by staying at the house. (Kyodo) ==Kyodo

FRC inks accord to sell NCB to Softbank-led group

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.