2, 01. 2005
Yahoo Japan Corporation and Aozora Bank, Ltd. announced on January 20 that they will be joining forces to provide Internet-based banking services. Yahoo Japan will enter the banking business by taking a stake in Aozora Bank's subsidiary Aozora Trust Bank, Ltd. bringing it under the Yahoo Japan umbrella. The aim is to secure a piece of the Internet-based settlement and other financial services business. Meanwhile, Livedoor Co., Ltd., a provider of Internet and other related services, announced on January 24 that it would also be establishing an Internet-based bank before the end of 2005.
