Dive deeper into Japan
with Japan correspondent
Kjeld Duits
Home » Archives » September 2006 » Parliamentary Secretary Quits over Bill

Parliamentary Secretary Quits over Bill

Thursday, September 7, 2006 Posted: 10:42 AM JST

(Japan Times) - Masazumi Gotoda, parliamentary secretary in charge of financial services, said he resigned Wednesday to protest a draft bill to lower the ceiling on consumer loan interest charges because it would allow lenders to continue to charge up to 28 percent for nine years after the bill is passed.

"I cannot accept a loophole in which a high ceiling will be left for a long time," Gotoda said at a news conference after his resignation was accepted by Financial Services Minister Kaoru Yosano. Read article

Keywords: national_news

*   *   *

Subscribe to newsletter:
First name:
Daily:   Biweekly:

(Unsubscribe or Update)

We Recommend:


The now legendary Sir Ernest Mason Satow (1843-1929) was a member of the British legation in Tokyo for twenty-one years. This classic book is based on the author's detailed diary, personal encounters, and keen memory. In it, Satow records the history of the critical years of social and political upheaval that accompanied Japan's first encounters with the West around the time of the Meiji Restoration. Fascinating.
Stone Bridge Press

Syndicate iKjeld news

Powered By Greymatter

© 2001~ iKjeld.com/Kjeld Duits. All rights reserved.
To publish, broadcast, rewrite or redistribute this material, please contact us.