May 28, 2015

Japan to suggest China dismantle ATM 'trade barriers'

Japan said in a report on unfair trade practices that it plans to urge China to revise regulations on ATMs and information and telecommunications systems for sale to Chinese banks. In the 2015 report, the Ministry of Economy, Trade and Industry described regulations on ...

May 27, 2015

MUFG record profit masks vanishing loan earnings in Japan

Record profits at Mitsubishi UFJ Financial Group Inc. and at least 26 of the nation’s banks mask vanishing returns on lending in Japan that’s spurring them to venture overseas. Funding costs and administrative expenses related to operating hundreds of branches exceeded what the two ...

Two banks to buy 33.4% stake in bankrupt Skymark

May 19, 2015

Two banks to buy 33.4% stake in bankrupt Skymark

The Development Bank of Japan and Sumitomo Mitsui Banking Corp. are in the final stages of negotiations to purchase a combined 33.4 percent stake in the rehabilitation of bankrupt Skymark Airlines Inc., sources familiar with the matter said Tuesday. With a combined stake of ...

Japan launches organization to promote robot use

May 16, 2015

Japan launches organization to promote robot use

The Japanese government launched an organization Friday to promote the use of robots in cooperation with the private sector. The Robot Revolution Initiative is aimed at promoting cooperation between industry, academia and government to utilize robots in various fields, including manufacturing, agriculture, medical care ...

Apr 27, 2015

Mizuho agrees to buy additional loans from RBS for $500 million

Mizuho Financial Group Inc., the nation’s third-biggest bank by market value, agreed to buy more North American loans from Royal Bank of Scotland Group PLC for about $500 million (¥60 million) as it deepens an expansion abroad. The $5.6 billion of loan commitments includes ...