Shingo Kawamoto

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

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 ...

Megabanks' profit goals within reach under Abe

Aug 1, 2013

Megabanks' profit goals within reach under Abe

Japan’s three biggest banks are on pace to achieve their annual profit targets after first-quarter earnings jumped on higher fee income and equity investments. Net income at Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. totaled ¥791.6 ...

Aug 13, 2010

Goldman, Morgan, Nomura units face increased scrutiny over risk

The Financial Services Agency picked Goldman Sachs Group Inc., Morgan Stanley and Nomura Holdings Inc. as initial subjects of a new unit to scrutinize risk-taking among investment banks, a source said this week. The team of at least 10 inspectors will examine the three ...

Oct 7, 2009

Moratorium on debt repayment won't up banks' loan woes: Kamei

Japanese banks’ bad loans won’t be driven higher by a proposed moratorium on debt payments by struggling small companies, Financial Services Minister Shizuka Kamei said. Lenders won’t have to classify loans encompassed by the plan as nonperforming, Kamei, 72, said in an interview Monday. ...