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ECONOMY

Japanese megabanks ban loans to manufacturers of cluster munitions

  • December 2, 2017
  • , Nikkei
  • JMH Summary

Saturday morning’s Nikkei reported that Japanese megabanks will stop providing loans to companies manufacturing cluster munitions, which have been internationally criticized as inhumane. The daily said following Mitsui-Sumitomo Bank’s announcement in September of a total ban on such loans, Mitsubishi UFJ Financial Group announced a similar ban on Dec. 1. According the paper, Mizuho Bank is also planning to ban loans to such manufacturers.

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