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Sarakin
is a Japanese term for a legal moneylender who makes unsecured loans at high interest. It is a contraction of the Japanese words for and . An illegal loan shark who goes above legally permitted maximum interest rates is called ''yamikin'', short for , and many of them lend at 10% for 10 days. Around 14 million people, or 10% of the Japanese population, have borrowed from a ''sarakin''. In total, there are about 10,000 firms (down from 30,000 a decade ago); however, the top seven firms make up 70% of the market. The value of outstanding loans totals $100 billion. The biggest ''sarakin'' are publicly traded and often allied with big banks."Lenders of first resort" '''', ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aiful
({{tyo, 8515) is one of the largest Japanese consumer finance companies. The company is based in Kyoto and has annual profits of close to ¥100 billion on over ¥2 trillion worth of loans (2005). The company had to restructure its debt after failing to make a loan payment. History Aiful was established in April 1967 by Yoshitaka Fukuda as a sole-proprietorship. In 1978, this small company was reformed in Kyoto as Marutaka, Inc. and opened its first four branches to expand its consumer-finance business. The company continued to grow over the next five years and it acquired three small companies in the same business segment and renamed itself Aiful in 1983. These mergers gave the company over ¥90 million in capital and a growing market share in the consumer loan sector. Soon afterward, the company began to offer home-equity and small business loans. During the 1980s and up to the present day, the company has continued to expand by finding new investment opportunities, particularl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Acom
is one of Japan's largest consumer loan companies, (or ''sarakin''). The name "Acom" stands for Affection, Confidence and Moderation. The company was founded by Masao Kinoshita, who was later replaced by his eldest son Kyosuke Kinoshita, the current chairman of the company. In addition to providing loans, Acom issues credit cards. At the end of 2008, Mitsubishi UFJ obtained control of more than 40% of Acom stock and Acom became a consolidated subsidiary of MUFG. Ownership As of April 2009, the founders (Maruito/Kinoshita) control about 40% of the shares, another 40% are controlled by MUFG is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan. MUFG holds assets of around US$3.1 trillion as of 2016 and is one of the "Three Great Houses" of the Mitsubishi Group alongside Mitsubishi Corp .... References * External links * Financial services companies established in 1978 Financial services companies based in Tokyo Ja ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takefuji
is a Japanese consumer finance company, or ''sarakin''. On September 28, 2010 it filed a petition for commencement of a corporate re-organisation under the Japanese Corporate Reorganisation Act. Services The Group's principal activity is the provision of consumer financial services, namely to the sub prime segment. This market was previously viewed as an area of money lenders and crime related activities. However, through a network of professional outlets, unmanned outlets, internet outlets and cash dispensers and ATMs, Takefuji claimed to revolutionise the market. The operations were carried out through the following divisions: Consumer Financing division deals with unsecured and non-guaranteed loans, internet financing, debt counseling services, credit cards and the Other Operations division which deals with other financing, parking lot operations, golf course operations, venture capital, Karaoke booth operations, re-insurance. As of 31-Mar-2005, the Group consisted of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yakuza
, also known as , are members of transnational organized crime syndicates originating in Japan. The Japanese police and media, by request of the police, call them , while the ''yakuza'' call themselves . The English equivalent for the term ''yakuza'' is gangster, meaning an individual involved in a Mafia-like criminal organization. The ''yakuza'' are known for their strict codes of conduct, their organized fiefdom nature and several unconventional ritual practices such as ''yubitsume'' or amputation of the left little finger. Members are often portrayed as males, wearing "sharp suits" with heavily tattooed bodies and slicked hair. This group is still regarded as being among "the most sophisticated and wealthiest criminal organizations". At their height, the ''yakuza'' maintained a large presence in the Japanese media and operated internationally. At their peak in the early 1960s, police estimated that the ''yakuza'' had a membership of more than 200,000."Police of Japan 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Teller Machine
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of names, including automatic teller machine (ATM) in the United States (sometimes redundantly as "ATM machine"). In Canada, the term ''automated banking machine'' (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms ''cashpoint'', ''cash machine'' and ''hole in the wall'' are most widely used. Other terms include ''any time money'', ''cashline'', ''tyme machine'', ''cash dispenser'', ''cash corner'', ''bankomat'', or ''bancomat''. ATMs that are not operated by a financial i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GE Capital
GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018. Overview On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a " systemically important financial institution", which makes it subject to oversight by the Federal Reserve. In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion. It was rated AA+ with stable outlook by S&P in 2012. GE Capital's subsidiaries also operated under the GE Money brand. Restructuring plan On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years. The following areas were sold: *GE Capital Sponsor Finance was sold to Canada Pension Plan Investment Board and Sumitomo Mitsui Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mitsubishi UFJ Financial Group
is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan. MUFG holds assets of around US$3.1 trillion as of 2016 and is one of the "Three Great Houses" of the Mitsubishi Group alongside Mitsubishi Corporation and Mitsubishi Heavy Industries. It is Japan's largest financial group and the world's second largest bank holding company holding around US$1.8 trillion (JP¥148 trillion) in deposits as of March 2011. The letters ''MUFG'' come from ''Mitsubishi'' and '' United Financial of Japan''. Background The company was formed on October 1, 2005, with the merger of Tokyo-based Mitsubishi Tokyo Financial Group (MTFG), and Osaka-based UFJ Holdings. The core banking units of the group, Bank of Tokyo-Mitsubishi and UFJ Bank, were merged on January 1, 2006, to form MUFG Bank. This integration was originally scheduled to take place on October 1, 2005, the same day that the parent companies were merged. However, pressure from Japan's Financial Ser ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-performing Loan
A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as it reduces the profitability of banks, and is often presented as preventing banks from lending more to businesses and consumers, which in turn slows down economic growth (although this theory is disputed). In the European Union, the management of the NPLs resulting of the global financial crisis of 2008 has become a politically sensitive topic, culminating in 2017 with the decision by the Council to task the European Commission to launch an action plan to tackle NPLs. The action plan supports the fostering of a secondary market for NPLs and the creation of Asset Management Companies (aka bad bank). In December 2020, this action plan was revised in the wake of the Covid19 pandemic crisis. Definition Non-performing loans are generally recognised as per the following criteria: * Pay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japanese Wedding
Marriage in Japan is a legal and social institution at the center of the household (). Couples are legally married once they have made the change in status on their family registration sheets, without the need for a ceremony. Most weddings are held either according to Shinto traditions or in chapels according to Christian marriage traditions. Traditionally, marriages in Japan were categorized into two types according to the method of finding a partner—, meaning arranged or resulting from an arranged introduction, and , in which the husband and wife met and decided to marry on their own—although the distinction has grown less meaningful over postwar decades as Western ideas of love have altered Japanese perceptions of marriage. History The institution of marriage in Japan has changed radically over the last millennium. Indigenous practices adapted first to Chinese Confucianism during the medieval era, and then to Western concepts of individualism, gender equality, romant ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japanese Funeral
The majority of funerals (, ''sōgi'' or , ''sōshiki'') in Japan include a wake, the cremation of the deceased, a burial in a family grave, and a periodic memorial service. According to 2007 statistics, 99.81% of deceased Japanese are cremated. Other practices in Japan include Shinto funerals and the Ryukyuan people’s indigenous sepultural culture. Modern funerals After death Although Japan has become a more secular society (see Religion in Japan), , 90% of funerals are conducted as Buddhist ceremonies. Immediately after a death (or, in earlier days, just before the expected death), relatives moisten the dying or deceased person's lips with water, a practice known as . Most Japanese homes maintain Buddhist altars, or , for use in Buddhist ceremonies; and many also have Shinto shrines, or . When a death occurs, the shrine is closed and covered with white paper to keep out the impure spirits of the dead, a custom called . A small table decorated with flowers, incense, and a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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