Financial Measures for Typhoon No. 25 Disasters in Kanagawa
Overview
On October 1, 2026, the Director of the Yokohama Local Finance Office of the Kanto Local Finance Bureau, Ministry of Finance, and the General Manager of the Bank of Japan’s Yokohama Branch requested that financial institutions take financial measures for affected people and others in Kanagawa Prefecture, where the Disaster Relief Act applies. The institutions covered are deposit-taking financial institutions, securities firms and others, life insurers, non-life insurers, small-amount short-term insurers, and electronic recording institutions. They were asked to safeguard the safety of customers and employees, respond flexibly and promptly according to the damage, and inform their business offices of the requests. The same measures were also requested if additional areas become covered.
Key points
- The request was made on October 1, 2026.
- The requests were addressed to deposit-taking financial institutions, securities firms and others, life insurers, non-life insurers, small-amount short-term insurers, and electronic recording institutions.
- The requested measures are specified by institution and include deposit withdrawals, flexible lending terms, and support with securities and insurance procedures.
- The authorities requested that the same financial measures be taken if additional areas become covered.
Overview
The measures cover affected people and others in Kanagawa Prefecture where the Disaster Relief Act applies, due to disasters and related events (including the risk of disaster) associated with Typhoon No. 25 in Reiwa 8.
Each institution was asked to give due consideration to the safety of customers and employees and to respond carefully, flexibly, and promptly according to the damage and other circumstances. They were also asked to ensure that their business offices were fully informed of the requests.
Details
1. For deposit-taking financial institutions, the requests included verifying identity in light of the circumstances and allowing withdrawals even when certificates, passbooks, or seals had been lost; permitting early withdrawal of time deposits and collateralized loans as circumstances warranted; exchanging damaged currency; and handling inquiries about lost government bonds. They were also asked to take account of suspensions of transactions involving bills, checks, and electronically recorded monetary claims; set up loan consultation offices; minimize required loan review documents; expedite lending; modify terms such as granting repayment extensions; provide consultations under the Natural Disaster Debt Guidelines; and accept disaster certificates at a later date. Other requests included opening on holidays and outside normal hours, allowing ATM withdrawals when counters were closed, and posting or announcing measures taken and business status.
2. Securities firms and others were asked to verify identity and allow withdrawals when seals had been lost, cooperate in reissuing securities, and accommodate same-day payment of proceeds from sales or cancellations to the greatest extent possible. They were also asked to post and publicize the measures and announce stores that had suspended operations.
3. Life insurers, non-life insurers, and small-amount short-term insurers were asked to provide assistance such as guidance on filing claims when policy details could be confirmed, pay insurance benefits promptly, and extend premium payment grace periods according to circumstances. They were also asked to publicize the measures and announce stores that had suspended operations.
4. Electronic recording institutions were asked to take account of affected people and others in decisions such as suspending transactions or terminating user agreements, consider operating on holidays and outside normal hours, post the measures, and announce stores that had suspended operations.