Japanese, Korean Banks Face Scrutiny Over Key Interest Rates

Japanese, Korean Banks Face Scrutiny Over Key Interest Rates

Tomohiro Ohsumi/Bloomberg

Women walk in front of signs for Mizuho Bank Ltd., right, Bank of Tokyo Mitsubishi UFJ, center, and Resona Bank Ltd. in Tokyo. The Japanese Bankers Association said it’s considering looking at as many as 16 banks to confirm that they follow guidelines for submitting yen-denominated Tokyo interbank offered rates.