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Finbarr Flynn
JAPAN
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.
Japan Times
BUSINESS
Aug 11, 2009
Banks should cut stock holdings: FSA's Mikuniya
Banks should use a government-backed share purchase program to reduce stock holdings that caused $10 billion of losses at Japan's three biggest lenders last year, the country's top financial regulator said.
BUSINESS
Jul 9, 2009
Regional banks brace for mortgage defaults
Smaller regional banks may need to brace for an increase in mortgage defaults as unemployment rises and the contagion from the recession spreads.
Japan Times
BUSINESS
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.
BUSINESS
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.
BUSINESS
Sep 2, 2008
Regional banks clear subprime hurdle but face bad loans
Regional banks evaded most of the fallout from the U.S. mortgage market implosion only to face a homespun credit crisis.
BUSINESS
Jan 16, 2008
SMFG turns to alliances with Asian banks
Sumitomo Mitsui Financial Group Inc. will target alliances with Asian banks, including Malaysia's RHB Capital Bhd., to boost income as domestic lending falls.
BUSINESS
Sep 29, 2007
Stricter law forces companies to tighten funds pitch
Mitsubishi UFJ Financial Group Inc. and Nomura Holdings Inc. are among Japanese financial companies being forced to tighten marketing of mutual funds as a law to protect individual investors comes into effect next week.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past