Megabanks in Japan have long since suffered from problems involving the lending of money to Yakuza. Yakuza being Japanese crime syndicates. For many years, Yakuza have been borrowing money from banks for their operations through means such as indirect borrowing or the purchase of “properties that has been put up as collateral for bad loans”.
The article cited shows how megabanks in Japan are now taking new extensive methods to prevent money from landing into yakuza hands. I believe this is an ideal example of Corporate Social Responsibility, the principle that states that companies have a responsibility to not negatively affect society, but to contribute to it. Through methods such as extensive loan screening and the construction of new clauses that allow termination of contracts with members of the Yakuza upon discovery, the number of cases of money lending to Yakuza will undoubtedly fall. I truly applaud them as they are not only sacrificing their business by not lending money, but they are also showing courage as many cases with terminating contracts with Yakuza have resulted in violence which required police intervention. This step that the megabanks have taken will contribute to the decreasing of crime rates in Japan.