Dec 28, 2015

Bank of Mitsubishi-Tokyo UFJ to slash mortgage rate

Bank of Tokyo-Mitsubishi UFJ Ltd. plans to slash its lowest mortgage floating interest rate to 0.625 percent per annum from 0.775 percent as of Jan. 4. It will be the bank’s first reduction since August 2013 and will match the rate offered by Sumitomo ...

Kuroda effect seen as homebuyers choose fixed-rate mortgages

Oct 22, 2015

Kuroda effect seen as homebuyers choose fixed-rate mortgages

Homebuyers are starting to bet that the unprecedented monetary easing of Bank of Japan Gov. Haruhiko Kuroda will cause interest rates to rise, even as inflation stagnates well below the official 2 percent inflation target. Sixty-one percent of new home loans had a fixed ...

Jun 4, 2013

SMBC cuts three-year home loan rate to 0.6%

Sumitomo Mitsui Banking Corp. has cut the most preferential interest rate on its three-year fixed-rate housing loans to be contracted in June by 0.9 percentage point to 0.6 percent. The new rate took effect Monday. The unit of Sumitomo Mitsui Financial Group Inc. is ...

Nov 27, 2011

Warm Biz warming up

With the relatively successful Super Cool Biz campaign over for the autumn, the next drive for saving energy is already under way. Warm Biz is the latest campaign to save energy after the March disasters in Tohoku left dozens of nuclear reactors offline and ...

Apr 18, 2011

Child organ transplants

For the first time in Japan’s medical history, organs from a person under 15 were transplanted to other people on April 13-14. Such transplants became possible after the revised Organ Transplant Law went into force in July 2010. Under the original law, which went ...