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Japan's Financial Revitalisation Commission (FRC) chief Michio Ochi speaks at a news conference in T..,...

IMAGE number
REU7582394
Image title
Japan's Financial Revitalisation Commission (FRC) chief Michio Ochi speaks at a news conference in T.., 2000-02-24 (photo)
Auto-translated text View Original Source
Photographer
Kimimasa Mayama
Medium
photograph
Date
2000 AD
Shooting Date
2000-02-24
Image description

Japan's Financial Revitalisation Commission (FRC) chief Michio Ochi speaks at a news conference in Tokyo February 24 after a consortium led by Japanese Internet investor Softbank Corp won an official go-ahead to take over failed Nippon Credit Bank (NBC). [The takeover will mark the first case of a non-financial firm fully entering Japan's banking sector and set the stage for a dramatic shift in financial services from "Old Japan" banks to more dynamic, young companies like high-flying Softbank].

Photo credit
REUTERS/Kimimasa Mayama / Bridgeman Images
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