Takako Taniguchi

For Takako Taniguchi's latest contributions to The Japan Times, see below:

Tepco to spend ¥2.67 trillion to grow

Jan 20, 2014

Tepco to spend ¥2.67 trillion to grow

Tokyo Electric Power Co. is considering spending about ¥2.67 trillion on strategic investments through partnerships as it seeks to chart a path to growth beyond the Fukushima No. 1 nuclear plant disaster. Of the planned investments, the utility plans to borrow ¥2 trillion in ...

Jul 26, 2013

Regional financial firms should integrate across borders: LDP's Shiozaki

Regional financial institutions should consolidate across geographical boundaries to help revive the economy, lawmaker Yasuhisa Shiozaki of the ruling Liberal Democratic Party said. To strengthen rural areas, the nation should give priority to financial restructuring, said Shiozaki, 62, vice chairman of the LDP’s Policy ...

SMBC lender to up China branches

Mar 6, 2013

SMBC lender to up China branches

Sumitomo Mitsui Financial Group Inc.’s consumer loan unit plans to open as many as four China offices in the next two to three years, more than doubling the number to tap demand in the world’s second-largest economy. “We want to focus our capital on ...

May 19, 2012

Resona vows early bailout payback

Resona Holdings Inc., recipient of a ¥1.96 trillion bailout in 2003, plans to pay back most of the money still owed to taxpayers earlier than scheduled thanks to growing profit reserves. “We’ve built retained earnings and are not going to sell new shares,” Resona ...

MUFJ to hire 200 for derivatives business

Apr 25, 2012

MUFJ to hire 200 for derivatives business

Mitsubishi UFJ Financial Group Inc. will hire 50 currency and interest-rate derivatives traders globally in the next three years to help more than double annual profit in the business to ¥500 billion. Lending unit Bank of Tokyo-Mitsubishi UFJ Ltd. will also add 150 sales ...

Bankers urge aid for Tepco

Apr 7, 2011

Bankers urge aid for Tepco

The government needs to come to the financial aid of Tokyo Electric Power Co. before banks resume lending to the beleaguered utility, the head of the Japanese Bankers Association said. “We need to wait until the government clarifies how it will help” Tepco, particularly ...

Sep 16, 2009

Credit Saison to maintain independence

Credit card firm Credit Saison Co., 14.3 percent owned by Mizuho Financial Group Inc., will remain independent of the bank as its rivals join up with the country’s biggest lenders. “It’s a matter of keeping management independence,” Chief Executive Officer Hiroshi Rinno said in ...

Shinsei to swing ax at ex-GE financing unit

Apr 17, 2009

Shinsei to swing ax at ex-GE financing unit

Shinsei Bank Ltd. plans to cut “hundreds” of jobs at the consumer lending unit it bought from General Electric Co. last year as the industry contracts, the head of the division said Thursday. Shinsei Financial Co., the renamed former GE subsidiary, will trim staff ...

SMFG's woes bad sign for banks

Apr 11, 2009

SMFG's woes bad sign for banks

Sumitomo Mitsui Financial Group Inc.’s unexpected $3.9 billion loss and plans to seek capital are adding to evidence that Japan’s biggest banks may struggle to weather the deepening recession. The Tokyo-based lender, the second-largest by market value, said Thursday it may raise as much ...