Resona turns to government

Risk staff
01 Jun 2003

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The nationalisation of Japan’s Resona Holdings, the country’s fifth-largest banking group, has raised hopes that the Japanese government is finally getting serious about solving the problems that have plagued the banking sector for the past decade.

Resona Holdings requested an emergency injection of public funds from the Japanese government in mid-May, estimated to be around ¥2 trillion ($17.2 billion), effectively amounting to a nationalisation of the beleaguered bank. The plea for

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