Shingo Kawamoto

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

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. ...

Banks should cut stock holdings: FSA's Mikuniya

Aug 11, 2009

Banks should cut stock holdings: FSA's Mikuniya

Banks should use a government-backed share purchase program to reduce stock holdings that caused $10 billion of losses at Japan’s three biggest lenders last year, the country’s top financial regulator said. “A bank’s financial standing is linked to its holdings of investments, such as ...

Jul 9, 2009

Regional banks brace for mortgage defaults

Smaller regional banks may need to brace for an increase in mortgage defaults as unemployment rises and the contagion from the recession spreads. “Banks need to take steps to prevent loans to individuals from going bad, just as they do with corporate borrowers,” said ...