Shingo Kawamoto

For Shingo Kawamoto's latest contributions to The Japan Times, see below:

Record-low bad debts make up for disappearing loan profit

Aug 13, 2015

Record-low bad debts make up for disappearing loan profit

Plunging interest rates are helping reduce Japanese banks’ bad debt to record-low levels of almost a fifth of their highs 13 years ago. The drop in borrowing costs that narrowed Japanese net interest margins to the slimmest in Asia also was a factor in ...

Aug 11, 2015

Mitsubishi UFJ to boost Taiwan staff as cross-strait trade grows

Mitsubishi UFJ Financial Group Inc. is seeking to expand its workforce in Taiwan as it pursues business from companies benefiting from increasing trade between the island and mainland China. “We need to be geographically close to our customers,” Tetsuo Tani, deputy head of planning ...

Mega-banks plan riskier bond sales up to ¥4 trillion

Jul 2, 2015

Mega-banks plan riskier bond sales up to ¥4 trillion

Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. plan to bolster their balance sheets by introducing bonds that offer investors enhanced returns at greater risk. The two banks will sell so-called Tier 1 notes, or instruments whose value may be written down ...

LDP pushes for higher deposit cap for postal giant before IPO

Mar 19, 2015

LDP pushes for higher deposit cap for postal giant before IPO

The ruling Liberal Democratic Party wants to raise the deposit limit at state-owned Japan Post Holdings Co.’s lending arm before a planned initial public offering later this year, according to a lawmaker who is backing the change. A higher ceiling than the current ¥10 ...

Sumitomo Mitsui to hire foreign managers in global push

Dec 25, 2014

Sumitomo Mitsui to hire foreign managers in global push

Koichi Miyata, the president of Sumitomo Mitsui Financial Group Inc., said the lender will hire more foreign managers for its overseas operations, tapping their local expertise to aid a global expansion. “It’s natural to see locally hired foreign managers becoming the majority in a ...