'Tokyo' may be dropped from name of Japan's top bank

/ May 15, 2017

'Tokyo' may be dropped from name of Japan's top bank

Bank of Tokyo-Mitsubishi UFJ is considering dropping “Tokyo” from its name amid complaints from customers that it is too long, sources said Sunday. The core unit of Japanese industry leader Mitsubishi UFJ Financial Group Inc. is likely to be renamed MUFG Bank as early ...

Sep 20, 2016

IMF lending nations seek veto power over bilateral credit lines

Countries that provide bilateral credit lines to the International Monetary Fund want the power to veto loans drawn from those precautionary arrangements, according to people familiar with the discussions. The IMF has been in talks with more than 30 countries that made available $393 ...

Japan's financial regulator to scrutinize banks' stress tests

May 10, 2016

Japan's financial regulator to scrutinize banks' stress tests

The nation’s financial regulator is stepping up oversight of its biggest banks while stopping well short of imposing the type of intrusive stress tests that have been adopted in the U.S. and Europe. Unlike the Federal Reserve and the Bank of England, which conduct ...

/ Apr 12, 2016

Negative rates failed to boost bank lending in March

Loan growth slowed to the weakest pace in three years in March, signaling the central bank’s introduction of negative interest rates has yet to spur credit in the world’s third-largest economy. Loans, excluding trusts, rose 2 percent from a year earlier, slowing from 2.2 ...

/ Dec 8, 2015

Bank lending in Japan up 2.3% in November

The average balance of bank lending in the country in November, excluding loans by shinkin (credit banks), rose 2.3 percent to ¥428.2 trillion, up for the 50th straight month, the Bank of Japan said Tuesday. Including shinkin, the total lending balance grew 2.3 percent ...