Japanese brokers are urging the regulator to revamp a scheme that waives taxes on investments of up to 1 million yen for five years.
Stricter capital rules under Basel III guidelines may curb the ability of Japan's biggest banks to raise dividend payout to investors in the future.
Japan’s Financial Services Agency has told regional banks to consider mergers and other tie-ups as part of medium- to long-term management strategies.
Japanese regulators plan to call on banks and their holding companies to appoint outside directors as members of their board to enhance transparency in management.
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