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Ex-interpreter pleads guilty over theft of Ohtani's money

Ippei Mizuhara, former interpreter for Los Angeles Dodgers star Shohei Ohtani, leaves a federal district court in Santa Ana, California, on June 4, 2024, after he pleaded guilty to two charges including bank fraud over the theft of nearly $17 million from one of the baseball player's accounts to cover gambling debts and other personal expenses.(Kyodo)

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Ex-interpreter pleads guilty over theft of Ohtani's money

Ex-interpreter pleads guilty over theft of Ohtani's money

Journalists surround a vehicle that is leaving a federal district court in Santa Ana, California, on June 4, 2024, carrying Ippei Mizuhara, former interpreter for Los Angeles Dodgers star Shohei Ohtani. Mizuhara pleaded guilty to two charges including bank fraud over the theft of nearly $17 million from one of the baseball player's accounts to cover gambling debts and other personal expenses.

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Ex-interpreter pleads guilty over theft of Ohtani's money

Ex-interpreter pleads guilty over theft of Ohtani's money

Journalists gather in front of a federal district court in Santa Ana, California, on June 4, 2024, as Ippei Mizuhara, former interpreter for Los Angeles Dodgers star Shohei Ohtani, is arraigned over two charges including bank fraud over the theft of nearly $17 million from one of the baseball player's accounts to cover gambling debts and other personal expenses. He pleaded guilty to the charges.

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Ex-interpreter pleads guilty over theft of Ohtani's money

Ex-interpreter pleads guilty over theft of Ohtani's money

Journalists gather in front of a federal district court in Santa Ana, California, on June 4, 2024, as Ippei Mizuhara, former interpreter for Los Angeles Dodgers star Shohei Ohtani, is arraigned over two charges including bank fraud over the theft of nearly $17 million from one of the baseball player's accounts to cover gambling debts and other personal expenses. He pleaded guilty to the charges.

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Ex-interpreter pleads guilty over theft of Ohtani's money

Ex-interpreter pleads guilty over theft of Ohtani's money

Ippei Mizuhara, former interpreter for Los Angeles Dodgers star Shohei Ohtani, leaves a federal district court in Santa Ana, California, on June 4, 2024, after he pleaded guilty to two charges including bank fraud over the theft of nearly $17 million from one of the baseball player's accounts to cover gambling debts and other personal expenses.

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Ex-interpreter pleads guilty over theft of Ohtani's money

Ex-interpreter pleads guilty over theft of Ohtani's money

Ippei Mizuhara, former interpreter for Los Angeles Dodgers star Shohei Ohtani, leaves a federal district court in Santa Ana, California, on June 4, 2024, after he pleaded guilty to two charges including bank fraud over the theft of nearly $17 million from one of the baseball player's accounts to cover gambling debts and other personal expenses.

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Ex-interpreter pleads guilty over theft of Ohtani's money

Ex-interpreter pleads guilty over theft of Ohtani's money

Ippei Mizuhara (R), former interpreter for Los Angeles Dodgers star Shohei Ohtani, leaves a federal district court in Santa Ana, California, on June 4, 2024, after he pleaded guilty to two charges including bank fraud over the theft of nearly $17 million from one of the baseball player's accounts to cover gambling debts and other personal expenses.

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Ex-interpreter pleads guilty over theft of Ohtani's money

Ex-interpreter pleads guilty over theft of Ohtani's money

Ippei Mizuhara, former interpreter for Los Angeles Dodgers star Shohei Ohtani, leaves a federal district court in Santa Ana, California, on June 4, 2024, after he pleaded guilty to two charges including bank fraud over the theft of nearly $17 million from one of the baseball player's accounts to cover gambling debts and other personal expenses.

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Ex-interpreter pleads guilty over theft of Ohtani's money

Ex-interpreter pleads guilty over theft of Ohtani's money

Ippei Mizuhara, former interpreter for Los Angeles Dodgers star Shohei Ohtani, leaves a federal district court in Santa Ana, California, on June 4, 2024, after he pleaded guilty to two charges including bank fraud over the theft of nearly $17 million from one of the baseball player's accounts to cover gambling debts and other personal expenses.

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Ex-interpreter pleads guilty over theft of Ohtani's money

Ex-interpreter pleads guilty over theft of Ohtani's money

Ippei Mizuhara, former interpreter for Los Angeles Dodgers star Shohei Ohtani, heads to a federal district court in Santa Ana, California, on June 4, 2024, as he is arraigned over two charges including bank fraud over the theft of nearly $17 million from one of the baseball player's accounts to cover gambling debts and other personal expenses. He pleaded guilty to the charges.

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Baseball: Dodgers' Ohtani, interpreter Mizuhara

Baseball: Dodgers' Ohtani, interpreter Mizuhara

(From L) Newly signed Los Angeles Dodger Shohei Ohtani, his then interpreter Ippei Mizuhara and his agent Nez Balelo attend an introductory press conference on Dec. 14, 2023, at Dodger Stadium in Los Angeles. Mizuhara was fired in March 2024 and was charged in April with illegally transferring more than $16 million from one of Ohtani's bank accounts to cover gambling debts.

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Baseball: Dodgers' Ohtani, interpreter Mizuhara

Baseball: Dodgers' Ohtani, interpreter Mizuhara

Shohei Ohtani (R) of the Los Angeles Dodgers and his then interpreter Ippei Mizuhara are pictured in Glendale, Arizona, on Feb. 27, 2024, as the team plays a spring training game against the Chicago White Sox. Mizuhara was fired in March and was charged in April with illegally transferring more than $16 million from one of Ohtani's bank accounts to cover gambling debts.

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Baseball: Dodgers' Ohtani, interpreter Mizuhara

Baseball: Dodgers' Ohtani, interpreter Mizuhara

Shohei Ohtani (R) of the Los Angeles Dodgers and his then interpreter Ippei Mizuhara leave a stadium in Glendale, Arizona, on March 8, 2024, due to rain. Mizuhara was fired later in the month and was charged on April 11 with illegally transferring more than $16 million from one of Ohtani's bank accounts to cover gambling debts.

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Baseball: Dodgers' Ohtani, interpreter Mizuhara

Baseball: Dodgers' Ohtani, interpreter Mizuhara

Shohei Ohtani (R) of the Los Angeles Dodgers and his then interpreter Ippei Mizuhara (L) pose with Mike Trout of the Los Angeles Angels in Glendale, Arizona, on March 5, 2024, as their teams play a spring training game. Mizuhara was fired later in the month and was charged on April 11 with illegally transferring more than $16 million from one of Ohtani's bank accounts to cover gambling debts.

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Baseball: Dodgers' Ohtani, interpreter Mizuhara

Baseball: Dodgers' Ohtani, interpreter Mizuhara

Shohei Ohtani (L) of the Los Angeles Dodgers and his then interpreter Ippei Mizuhara are pictured in the dugout during the team's spring training game in Glendale, Arizona, on March 1, 2024. Mizuhara was fired later in the month and was charged on April 11 with illegally transferring more than $16 million from one of Ohtani's bank accounts to cover gambling debts.

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Baseball: Dodgers' Ohtani, interpreter Mizuhara

Baseball: Dodgers' Ohtani, interpreter Mizuhara

Shohei Ohtani (L) of the Los Angeles Dodgers and his interpreter Ippei Mizuhara meet the media on Feb. 29, 2024, in Glendale, Arizona. The U.S. Justice Department said on May 8 that Mizuhara, who was dismissed in March, has agreed to plead guilty on two charges, including bank fraud, in an upcoming arraignment, in a case where prosecutors allege that he stole nearly $17 million from one of Ohtani's bank accounts to cover gambling debts.

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Baseball: Dodgers' Ohtani, interpreter Mizuhara

Baseball: Dodgers' Ohtani, interpreter Mizuhara

Shohei Ohtani (L) of the Los Angeles Dodgers trains alongside his interpreter Ippei Mizuhara on Feb. 24, 2024, at the team's spring training site in Glendale, Arizona. The U.S. Justice Department said on May 8 that Mizuhara, who was dismissed in March, has agreed to plead guilty on two charges, including bank fraud, in an upcoming arraignment, in a case where prosecutors allege that he stole nearly $17 million from one of Ohtani's bank accounts to cover gambling debts.

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Baseball: Dodgers' Ohtani, interpreter Mizuhara

Baseball: Dodgers' Ohtani, interpreter Mizuhara

Shohei Ohtani (L) of the Los Angeles Dodgers runs, followed by his interpreter Ippei Mizuhara, in Glendale, Arizona, on Feb. 27, 2024, as the team plays a spring training game against the Chicago White Sox. The U.S. Justice Department said on May 8 that Mizuhara, who was dismissed in March, has agreed to plead guilty on two charges, including bank fraud, in an upcoming arraignment, in a case where prosecutors allege that he stole nearly $17 million from one of Ohtani's bank accounts to cover gambling debts.

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Baseball: Dodgers' Ohtani, interpreter Mizuhara

Baseball: Dodgers' Ohtani, interpreter Mizuhara

Shohei Ohtani (R) of the Los Angeles Dodgers walks with his interpreter Ippei Mizuhara as he plays in a spring training baseball game against the San Francisco Giants in Glendale, Arizona, on March 12, 2024. Mizuhara was dismissed later in the month and was charged on April 11 with illegally transferring more than 16 million dollars from one of Ohtani's bank accounts.

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Baseball: Dodgers' Ohtani, interpreter Mizuhara

Baseball: Dodgers' Ohtani, interpreter Mizuhara

Shohei Ohtani (L) of the Los Angeles Dodgers walks with his interpreter Ippei Mizuhara as he plays in a spring training baseball game against the San Francisco Giants in Glendale, Arizona, on March 12, 2024. Mizuhara was dismissed later in the month and was charged on April 11 with illegally transferring more than 16 million dollars from one of Ohtani's bank accounts.

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Baseball: Dodgers' Ohtani, interpreter Mizuhara

Baseball: Dodgers' Ohtani, interpreter Mizuhara

Shohei Ohtani (R) of the Los Angeles Dodgers and his interpreter Ippei Mizuhara are pictured in the dugout during a spring training baseball game against the Los Angeles Angels in Glendale, Arizona, on March 5, 2024. Mizuhara was dismissed later in the month and was charged on April 11 with illegally transferring more than 16 million dollars from one of Ohtani's bank accounts.

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Baseball: Dodgers' Ohtani, interpreter Mizuhara

Baseball: Dodgers' Ohtani, interpreter Mizuhara

Shohei Ohtani (R) of the Los Angeles Dodgers and his interpreter Ippei Mizuhara (C) are pictured in the dugout during a spring training baseball game against the Seattle Mariners in Glendale, Arizona, on March 13, 2024. Mizuhara was dismissed later in the month and was charged on April 11 with illegally transferring more than 16 million dollars from one of Ohtani's bank accounts.

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Baseball: Dodgers' Ohtani, interpreter Mizuhara

Baseball: Dodgers' Ohtani, interpreter Mizuhara

Shohei Ohtani (back) of the Los Angeles Dodgers and his interpreter Ippei Mizuhara (L) watch Major League Baseball's season-opening game against the San Diego Padres from the dugout at Seoul's Gocheok Sky Dome on March 20, 2024. Mizuhara was dismissed during the team's trip to Seoul and was charged on April 11 with illegally transferring more than 16 million dollars from one of Ohtani's bank accounts.

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Prolonged Gaza crisis undermines Jordan's tourism sector

STORY: Prolonged Gaza crisis undermines Jordan's tourism sector SHOOTING TIME: Dec. 31, 2023 DATELINE: Jan. 1, 2024 LENGTH: 00:01:52 LOCATION: Amman CATEGORY: ECONOMY SHOTLIST: 1. various of visitors in the Amman Citadel 2. various of Saba Ajlouni working in her office 3. SOUNDBITE (English): SABA AJLOUNI, Operations manager at a tourism company in Amman STORYLINE: The prolonged deadly conflict in the Gaza Strip has negatively impacted Jordan's tourism sector and cast a shadow on the country's economy, said industry insiders. A recent report by the World Bank on Jordan's economy indicated that the eruption of the conflict in the Middle East and the concerns over its prolongation or escalation carries high risks for the kingdom's economy, which is expected to grow by 2.6 percent in 2023 and slightly decline to 2.5 percent in 2024. Even in the case of a contained conflict, neighboring countries may still be perceived as a risky destination. This could have implications for Jordan's external accounts, given

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Sweden enters recession with GDP shrinking 0.3 pct in Q3

STORY: Sweden enters recession with GDP shrinking 0.3 pct in Q3 SHOOTING TIME: Nov. 29, 2023 DATELINE: Nov. 30, 2023 LENGTH: 00:02:29 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Statistics Sweden 2. various of Nordea Bank 3. various of Handelsbanken 4. various of street view of Stockholm STORYLINE: The Swedish economy is in recession following a contraction in the third quarter (Q3), according to official statistics released on Wednesday. The gross domestic product (GDP) decreased by 0.3 percent in Q3 compared with the previous quarter and by 1.4 percent compared with Q3 in 2022, Statistics Sweden said. "GDP decreased for the second consecutive quarter," Jessica Engdahl, head of section at Statistics Sweden's National Accounts Department, said in a press release. The decrease in Q2 was 0.8 percent from Q1 and 1 percent year-on-year, according to revised figures released by Statistics Sweden in August. The Q3 downturn was mainly driven by changes in inventories, particularly decreased

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Incorporation of yuan to benefit both parties: Argentina's business leader

STORY: Incorporation of yuan to benefit both parties: Argentina's business leader DATELINE: July 14, 2023 LENGTH: 00:01:36 LOCATION: Buenos Aires CATEGORY: ECONOMY SHOTLIST: 1. various of street views and ICBC in Argentina 2. SOUNDBITE 1 (Spanish): TOMAS DE PABLOS, President of Liex S.A. 3. SOUNDBITE 1 (Spanish): TOMAS DE PABLOS, President of Liex S.A. STORYLINE: Argentina has initiated the opening of bank accounts in Chinese currency renminbi, or the yuan. Liex S.A., a subsidiary of the Chinese firm Zijin Mining, became the first client of ICBC Bank Argentina branch to open an account in yuan. It came after the Central Bank of Argentina (BCRA) incorporated the Chinese yuan as an eligible currency for deposits in savings and current accounts at the end of June. SOUNDBITE 1 (Spanish): TOMAS DE PABLOS, President of Liex S.A. "We are very pleased to be one of the first customers to be able to operate through currency exchange using yuan; after a visit by representatives of the Argentine government to China

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Turkish police arrest 120 suspects over cryptocurrency trading

STORY: Turkish police arrest 120 suspects over cryptocurrency trading DATELINE: June 21, 2023 LENGTH: 00:00:56 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul Police Department, police cars leaving the police station for the operation in Türkiye 2. various of police officers searching the houses they raided in Istanbul 3. various of arrested suspects being taken to the police station in Istanbul 4. various of press conference held by Türkiye's Interior Minister Ali Yerlikaya STORYLINE: Turkish police have cracked down on scores of individuals allegedly involved in cryptocurrency trading, the country's new Interior Minister Ali Yerlikaya announced on Tuesday. According to Yerlikaya, more than 4,000 bank accounts were examined and a total of 1.2 billion Turkish liras (51 million U.S. dollars) were found transferred between these accounts. The minister said that 120 suspects were detained in the simultaneous operation covering 37 provinces, adding that the government wou

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Egypt adopts new bank rules to promote financial inclusion

STORY: Egypt adopts new bank rules to promote financial inclusion DATELINE: May 22, 2023 LENGTH: 00:01:00 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt 2. various of banks and ATMs in Egypt STORYLINE: The Central Bank of Egypt (CBE) has introduced a new initiative that allows banks to open accounts without requiring a minimum deposit, Egypt's Al-Ahram newspaper reported on Sunday. In addition, the CBE is promoting the utilization of bank electronic wallets. According to the data of the CBE, the number of Egyptians holding Egypt Post accounts, mobile phone wallets, prepaid cards, and bank accounts combined has reached 42.3 million. This figure represents 64.8 percent of the Egyptian population above the age of 16, which amounts to 65.4 million citizens. The CBE reported last month a significant improvement in financial inclusion rates, which saw an 147 percent increase between 2016 and 2022. In 2022, the CBE launched its financial inclusion strategy for the p

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Egypt's central bank releases main indexes for financial inclusion for 2022

STORY: Egypt's central bank releases main indexes for financial inclusion for 2022 DATELINE: April 9, 2023 LENGTH: 00:01:16 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. Shots of an infographic issued by Egypt's central bank and CBE headquarters in Cairo 2. Shots of bank clients served at a bank 3. Shots of several banks 4. Shots of a post office STORYLINE: The Central Bank of Egypt (CBE) released on Saturday main indexes for financial inclusion for year 2022. According to a statement issued by the bank, such indexes contribute to following upon the development of services and financial products. The move aims to promote sustainable growth and economic stability in accordance with the Sustainable Development Goals and Egypt Vision 2030, the statement added. Tangible progress was made in financial inclusion rates during the period between 2016-2022 with a 147% growth rate. The total ownership of transactional accounts (bank accounts, Egypt Post accounts, mobile wallets, and prepaid cards) is 42.3 mill

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Indian bank educates more women on opening accounts

Indian bank educates more women on opening accounts

MUMBAI, India - Women take part in a financial seminar at the Mumbai branch of Bharatiya Mahila Bank in the western Indian city on Nov. 29, 2014. The Indian government's initiative aimed at improving the current low percentage of households with bank accounts has made little progress as bank services remain inaccessible especially to the poor in rural areas.

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Man took 60 mil. yen from nephew's accounts

Man took 60 mil. yen from nephew's accounts

TOKYO, Japan - File photo shows a ''baby hatch'' facility for unwanted babies at Jikei Hospital in Kumamoto City in January 2011. Police sources said on Aug. 9, 2011, that a 49-year-old man is suspected of embezzling about 60 million yen from the bank accounts of his young nephew who was in his legal custody and leaving the boy at the baby hatch.

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Mizuho Bank apology

Mizuho Bank apology

TOKYO, Japan - Mizuho Bank President Satoru Nishibori (C) and other bank executives bow in apology after a press conference at the head office of the Bank of Japan in Tokyo on March 18, 2011. The bank has been failing to transfer customers' salaries into their accounts due to computer system malfunctions.

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Actress Kikukawa in event

Actress Kikukawa in event

TOKYO, Japan - Actress Rei Kikukawa (R) receives a letter from Japanese Bankers Association Chairman Masayuki Oku appointing her to a one-day post to prevent fraud via remittance to bank accounts at an event in Tokyo on July 6, 2010.

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U.S. official arrives in Macao for N. Korean bank accounts talks

U.S. official arrives in Macao for N. Korean bank accounts talks

MACAO, China - Daniel Glaser, U.S. deputy assistant treasury secretary for terrorist financing and financial crimes, arrives in Macao on March 17 for talks with Macanese authorities on the U.S. analysis of frozen North Korean bank accounts in a Macao bank allegedly linked to money laundering and counterfeiting.

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U.S. sets stage for release of N. Korean funds in Macao bank

U.S. sets stage for release of N. Korean funds in Macao bank

MACAO, Macao - Photo taken on March 14 shows Banco Delta Asia SARL in Macao. The U.S. Treasury Department said on the same day it has barred U.S. banks from doing business with the Macao bank with frozen North Korean accounts suspected of being linked to money laundering and counterfeiting, but that the move will effectively ease U.S. financial sanctions on North Korea.

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U.S. sets stage for release of N. Korean funds in Macao bank

U.S. sets stage for release of N. Korean funds in Macao bank

MACAO, Macao - Photo taken on March 14 shows Banco Delta Asia SARL in Macao. The U.S. Treasury Department said on the same day it has barred U.S. banks from doing business with the Macao bank with frozen North Korean accounts suspected of being linked to money laundering and counterfeiting, but that the move will effectively ease U.S. financial sanctions on North Korea.

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U.S. sets stage for release of N. Korean funds in Macao bank

U.S. sets stage for release of N. Korean funds in Macao bank

TOKYO, Japan - File photo taken in December 2006 shows Banco Delta Asia SARL in Macao. The U.S. Treasury Department said on March 14 it has barred U.S. banks from doing business with the Macao bank with frozen North Korean accounts suspected of being linked to money laundering and counterfeiting, but that the move will effectively ease U.S. financial sanctions on North Korea.

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Data stolen from NTT Data used to withdraw 31 million yen

Data stolen from NTT Data used to withdraw 31 million yen

TOKYO, Japan - NTT Data Corp. President Tomokazu Hamaguchi (L) bows in apology at a press conference on Marcy 28. The company said that financial data stolen from its computer center had been used to withdraw a total of some 31 million yen from 17 individuals' bank accounts through automated teller machines.

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2 men held for alleged theft using skimming devices, spy cameras

2 men held for alleged theft using skimming devices, spy cameras

NAGOYA, Japan - Photo shows the skimming devices confiscated by Nagoya policy on March 7. The police served fresh arrest warrants on two men who are suspected of installing either skimming devices or spy cameras at seven unmanned bank outlets in Aichi and Gifu prefectures and stealing more than 11 million yen from eight customers' accounts.

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Japan diverted Allied funds from secret accounts: documents

Japan diverted Allied funds from secret accounts: documents

GENEVA, Switzerland - Swiss documents obtained by Kyodo News show that the United States, Britain and the Netherlands poured 115 million Swiss francs intended mainly for Allied prisoners of war into secret Japanese bank accounts at Swiss National Bank during the last year of World War II, but Japan diverted much of the money.

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Mizuho chief-designate voices reluctance to get public capital

Mizuho chief-designate voices reluctance to get public capital

TOKYO, Japan - Terunobu Maeda (C), president-designate of Mizuho Holdings Inc., the world's largest banking group by assets, speaks at a news conference in Tokyo on Jan. 30. He expressed reluctance toward having public funds funneled into the bank's capital accounts. Maeda is flanked by Tadashi Kudo, who will assume the presidency of the bank, and Hiroshi Saito, who will become president of new Mizuho Corporate Bank.

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Hayami ready to boost current account reserves

Hayami ready to boost current account reserves

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami speaks at a press conference at the BOJ's head office in Tokyo on Aug. 14. Hayami said the BOJ is ready to bolster cash reserves in the current accounts of financial institutions beyond the 6 trillion yen line, a decision reached at a Policy Board meeting held earlier in the day.

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Some 21,000 accounts opened at Sony Bank in 1st month

Some 21,000 accounts opened at Sony Bank in 1st month

TOKYO, Japan - Shigeru Ishii, president of Sony Bank, speaks in an interview with Kyodo News in Tokyo on July 11. He said the Internet-based bank has won 21,000 accounts in its first month of operation thanks to the ''strength of the Sony brand.''

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Sony Bank to kick off service June 11

Sony Bank to kick off service June 11

TOKYO, Japan - Shigeru Ishii, president of Sony Bank, an Internet bank owned 80% by Sony Corp., speaks on his bank's business operations at a news briefing May 10. Sony Bank, due to start business on June 11, aims to attract 600,000 Web accounts and to collect deposits of 1 trillion yen within five years.

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New Zealand hikes official cash rate to 3 pct

STORY: New Zealand hikes official cash rate to 3 pct DATELINE: Aug. 17, 2022 LENGTH: 00:01:56 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of streets 2. various of port 3. various of supermarket 4. various of people on streets STORYLINE: The Reserve Bank of New Zealand (RBNZ)'s Monetary Policy Committee raised the Official Cash Rate (OCR) to 3 percent from 2.5 percent on Wednesday. The Committee agreed it remains appropriate to continue to tighten monetary conditions at a pace to maintain price stability and contribute to maximum sustainable employment. Core consumer price inflation remains too high and labor resources remain scarce, said the central bank in a statement. The central bank uses the OCR to control inflation, encouraging people to either spend or save. The OCR is the interest rate the RBNZ pays on settlement accounts and is reviewed seven times a year. Global consumer price inflation has continued to rise, albeit with some recent reprieve from lower global oil prices, it sa

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Italian economist warns of inflation risks in Europe

STORY: Italian economist warns of inflation risks in Europe DATELINE: Aug. 4, 2022 LENGTH: 00:01:21 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of street views of Rome 2. SOUNDBITE (English): CARLO ALTOMONTE, Economist at Bocconi University in Milan STORYLINE: An Italian expert has warned that the lack of awareness of inflation in Europe may lead to a slowdown in consumption and investment over the next months. SOUNDBITE (English): CARLO ALTOMONTE, Economist at Bocconi University in Milan "I would say that we are much less used to the problems of inflation, rather than the currency devaluation. I would have to say that we have been in the single currency plus the very low inflation environment which we have been used to over the last ten years. I've never heard anyone recently talking about the value of the euro versus the dollar. I see many people keeping a lot of cash, a lot of liquidity in their bank accounts without realizing that this ability is going to be erased pretty quickly by the deg

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Mizuho chief-designate voices reluctance to get public capital

Mizuho chief-designate voices reluctance to get public capital

TOKYO, Japan - Terunobu Maeda (C), president-designate of Mizuho Holdings Inc., the world's largest banking group by assets, speaks at a news conference in Tokyo on Jan. 30. He expressed reluctance toward having public funds funneled into the bank's capital accounts. Maeda is flanked by Tadashi Kudo, who will assume the presidency of the bank, and Hiroshi Saito, who will become president of new Mizuho Corporate Bank.

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Data stolen from NTT Data used to withdraw 31 million yen

Data stolen from NTT Data used to withdraw 31 million yen

TOKYO, Japan - NTT Data Corp. President Tomokazu Hamaguchi (L) bows in apology at a press conference on Marcy 28. The company said that financial data stolen from its computer center had been used to withdraw a total of some 31 million yen from 17 individuals' bank accounts through automated teller machines. (Kyodo)

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Sony Bank to kick off service June 11

Sony Bank to kick off service June 11

TOKYO, Japan - Shigeru Ishii, president of Sony Bank, an Internet bank owned 80% by Sony Corp., speaks on his bank's business operations at a news briefing May 10. Sony Bank, due to start business on June 11, aims to attract 600,000 Web accounts and to collect deposits of 1 trillion yen within five years.

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BOJ to introduce negative interest rate

BOJ to introduce negative interest rate

File photo taken December 2011 shows the headquarters of the Bank of Japan in Tokyo. The central bank said on Jan. 29, 2016, it has decided to introduce a negative interest rate for current accounts held by commercial banks at the BOJ. (Kyodo) ==Kyodo

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