Financial Measures for 2026 Typhoon No. 24 and Frontal Rain Disasters
Overview
On September 7, 2026, the Director of the Kagoshima Finance Office of the Kyushu Financial Bureau and the Director of the Kagoshima Branch of the Bank of Japan requested that deposit-handling financial institutions, securities companies and others, insurance companies and others, and electronic claims-recording institutions take financial measures for disaster victims and others in Kagoshima Prefecture where the Disaster Relief Act had been applied due to disasters caused by Typhoon No. 24 of 2026 and frontal heavy rain, while giving due consideration to the safety of customers and employees. The same approach applies if additional areas become subject to the Act, and the institutions were requested to thoroughly disseminate the measures to their business offices and provide detailed, flexible, and prompt responses according to the disaster situation.
Key points
- Financial measures were requested for disaster victims and others in Kagoshima Prefecture where the Disaster Relief Act had been applied.
- The measures cover deposit-handling financial institutions, securities companies and others, insurance companies and others, and electronic claims-recording institutions.
- Thorough dissemination to business offices and detailed, flexible, and prompt responses were requested according to the disaster situation.
- The same measures were requested if additional areas became subject to the Disaster Relief Act.
Overview
On September 7, 2026, the Director of the Kagoshima Finance Office of the Kyushu Financial Bureau and the Director of the Kagoshima Branch of the Bank of Japan announced the document titled “Financial Measures for Disasters Caused by 2026 Typhoon No. 24 and Frontal Heavy Rain.” The targets are disaster victims and others in Kagoshima Prefecture where the Disaster Relief Act had been applied due to the current disasters and related events, including the risk of disaster.
The institutions were requested to take financial measures according to the situation while giving sufficient consideration to the safety of customers and employees, with the same approach applying when additional areas became subject to the Act.
Impact
Detailed, flexible, and prompt responses according to the disaster situation and thorough dissemination of the requested measures at business offices were required.
Details
1. Deposit-handling financial institutions were requested to allow withdrawals when certificates, passbooks, or seals were lost; permit pre-maturity withdrawals and loans secured by time deposits and other deposit products; give consideration to bills, checks, and electronically recorded claims; exchange damaged currency; and provide consultations on lost government bonds. They were also asked to provide lending consultation offices, simplify procedures, expedite lending, grant repayment deferrals and other support, provide consultations on the Natural Disaster Debt Guideline, accept disaster victim certificates at a later date, operate on holidays and outside regular hours, use ATMs, and disseminate this information.
2. Securities companies and others were requested to make withdrawals after identity verification, cooperate in reissuing lost securities, pay proceeds from sales and cancellations on the same day wherever possible, and disseminate information about their business operations. 3. Life insurance companies, nonlife insurance companies, and small-amount short-term insurers were requested to facilitate insurance claims, make prompt payments, extend the grace period for insurance premium payments, and disseminate this information.
4. Electronic claims-recording institutions were requested to give consideration to measures such as suspension of transactions involving electronically recorded claims and termination of usage agreements, operate on holidays and outside regular hours, post notices at counters, announce stores that had suspended operations and other information, and disseminate the information through newspapers and their websites.