Rot
HAVE two of the rottenest apples been taken out of the barrel of Japanese banking? On April 1st (ouch!), and after many leaks, Nippon Credit Bank, Japan's 17th largest, finally announced that it would abandon its international operations and contract its domestic ones. Its president will resign. On the same day, Hokkaido Takushoku, the smallest of Japan's ten top commercial banks, announced that it would merge with Hokkaido Bank, its cross-town rival in Sapporo.
This article appeared in the Finance & economics section of the print edition under the headline “Rot”
More from Finance & economics
![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20240914_FNP501.jpg)
Can anything spark Europe’s economy back to life?
Mario Draghi, the continent’s unofficial chief technocrat, has a plan
![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20240907_FND003.jpg)
Has social media broken the stockmarket?
That is the contention of Cliff Asness, one of the great quant investors
![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20240907_FNP504.jpg)
American office delinquencies are shooting up
How worried should investors be?
China is suffering from a crisis of confidence
Can anything perk up its economy?
America has a huge deficit. Which candidate would make it worse?
Enough policies have been proposed to make a call
Why Oasis fans should welcome price-gouging
There are worse things in life than paying a fair price