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Mizuho Financial Group President Yasuhiro Sato (C) leaves a financial and monetary committee session at the Lower House of the parliament in Tokyo November 13, 2013. Sato, along with Takeshi Kunibe, chairman of Japanese Bankers Association and heads of other financial industry bodies were invited to appear before parliament committee to explain the mob loan problem.
Mizuho Financial Group President Yasuhiro Sato (C) leaves a financial and monetary committee session at the Lower House of the parliament in Tokyo November 13, 2013. Sato, along with Takeshi Kunibe, chairman of Japanese Bankers Association and heads of other financial industry bodies were invited to appear before parliament committee to explain the mob loan problem.
(Issei Kato/Reuters)

Japanese bank ties to organized crime trip Abenomics reformers

A career in organized crime has its perks, but in Japan, there are certain additional side benefits. For one thing, unlike most consumers and small business operators, mobsters seem to have no trouble arranging credit on favourable terms.

Some of the country’s leading bankers acknowledge that their institutions have extended loans in the past to what Japanese officials like to call “anti-social forces,” but who are better known by their popular brand name, yakuza.