Aug 16, 2016

Japan banks introducing telecommuting, reduced working hours

More major Japanese banks are reviewing their working patterns and introducing such systems as telecommuting and shorter working hours to help carers and parents with young children get the time they need. Mizuho Financial Group Inc. plans to allow some 23,000 employees at the ...

Clouds lifting for Japan's banks as negative rates stay put

Aug 2, 2016

Clouds lifting for Japan's banks as negative rates stay put

The Bank of Japan’s decision not to drag interest rates further below zero provides relief for the nation’s banks after shrinking lending profits crimped first-quarter earnings. Combined net income at Mitsubishi UFJ Financial Group Inc. and its two mega-bank peers fell 28 percent from ...

Jul 29, 2016

Mizuho profit slides 16% on negative interest rate

Mizuho Financial Group, the nation’s second-largest lender, said first-quarter profit dropped 16 percent, as Japan’s negative interest rate hit income from loans and investments and failed to stoke broader borrowing. Mizuho said Friday that April-June net profit fell to ¥132.6 billion ($1.28 billion) from ...

Japan's biggest banks to launch 24-hour money transfers

Jul 4, 2016

Japan's biggest banks to launch 24-hour money transfers

Sumitomo Mitsui Banking Corp., Bank of Tokyo-Mitsubishi UFJ and Mizuho Bank are planning to start allowing immediate money transfer services 24 hours a day. Sumitomo Mitsui said Monday it will start offering money transfer services between its accounts 24 hours a day, 365 days ...