The Japanese Government is to inject 121 billion yen to 3 regional banks.
Following the legislation to recapitalize regional banks, Sapporo Hokuyo Holdings Inc., Minami-Nippon Bank and Fukuho Bank are seeking 100 billion yen, 15 billion yen and 6 billion yen, respectively. Approval by the Financial Services Agency is expected this week.
March 13, 2009
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