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July 27, 2024
 

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Nao Sano
Brokers such as Nomura are busy handling transactions for the offloading of cross-shareholdings among Japanese companies, which bring in hefty fees.
BUSINESS / Companies
Jul 18, 2024
Block trades herald $5 billion fee windfall for Japan’s brokers
Pressure to improve corporate governance is leading firms to whittle down an estimated ¥50 trillion ($320 billion) they hold in companies with which they do business.
Mizuho Securities is starting a fund to create opportunities for third-party investment into Japan's animation film sector that has created globally popular works such as "Demon Slayer."
BUSINESS / Companies
Jul 17, 2024
Mizuho fund to invest in Japan’s popular but cash-needing anime scene
For investors, Mizuho's fund will be an opportunity to park their money in a sector famous for works like "Demon Slayer."
The PayPay app had about 60 million registered users as of October.
BUSINESS / Companies
Jul 8, 2024
SoftBank group firm PayPay Securities aims to double accounts
The company has been in the red since February 2021, with a net loss of ¥4.6 billion ($29 million) for the 2023 fiscal year.
A bank and two securities companies under Mitsubishi UFJ Financial Group could face punitive action for allegedly sharing customer information without consent, sources said.
BUSINESS / Companies
Jun 7, 2024
MUFG units could be penalized for sharing client information
MUFG Bank and the securities firms exchanged information related to clients’ mergers and acquisitions without their consent, sources say.
Nomura Holdings Chief Executive Officer Kentaro Okuda
BUSINESS / Companies
May 24, 2024
Nomura pay for top executives rises 150% as profit rebounds
Total compensation paid to the firm’s eight executive officers in the year ended March 31 rose to ¥4.46 billion.
Norinchukin Bank is one of Japan’s largest institutional investors with a ¥55.9 trillion ($357 billion) securities portfolio, and bonds make up more than half of its investments.
BUSINESS / Companies
May 21, 2024
Norinchukin weighs $7.7 billion fundraise to cover bond loss
As a result of restructuring its securities portfolio, the Tokyo-based bank may book about ¥500 billion in losses for the current fiscal year, one source said.
Nomura Holdings aims to almost its double pretax profit by the end of the decade.
BUSINESS / Companies
May 14, 2024
Nomura seeks to double profit by 2030 in latest growth plan
Japan’s biggest brokerage plans to generate pretax income of more than ¥500 billion ($3.2 billion) with a focus on its key wholesale division.
Dai-ichi Life Holdings has begun to include more alternative investments in its ¥33.9 trillion portfolio, and is also looking at increasing mergers and acquisitions.
BUSINESS
Apr 18, 2024
Shifting market spurs Dai-ichi to adjust ¥33.9 trillion portfolio
The firm is cutting its holdings of domestic equities, which are surging, to avoid too much exposure to the asset class.
Goldman Sachs is exiting transaction banking in Japan, less than a year after announcing plans to enter the business
BUSINESS / Companies
Mar 8, 2024
Goldman Sachs exits Japan transaction banking in sudden reversal
The bank will remain focused on growing its transaction banking operations in the U.S., U.K. and European Union, according to a spokesperson for the firm.
Kathy Matsui in 2019
BUSINESS
Mar 8, 2024
Ex-Goldman executive Kathy Matsui says womenomics needs work
Matsui said the effort to increase women in leadership positions is "a matter of trial and error to find the best fit” for companies.
An advertisement for the new Nippon Individual Savings Account in Tokyo in January
BUSINESS / Companies
Feb 9, 2024
Revamp of tax-free investments in Japan spurs jump in accounts
The creation of the new savings accounts is one of a slew of measures to lure more buyers to the Japanese market.
Nomura Holdings plans a buyback of up to ¥100 billion.
BUSINESS / Companies
Feb 1, 2024
Nomura’s trading overhaul advances as CEO plans buyback
Nomura Holdings plans a buyback of up to ¥100 billion.
The Financial Services Agency ordered SBI Securities to halt part of its business related to initial public offerings through Jan. 18 as a penalty for having manipulated clients' post-IPO share prices.
BUSINESS / Companies
Jan 13, 2024
Japan’s biggest online brokerage SBI punished for market rigging
The Financial Services Agency on Friday instructed the nation’s biggest online broker SBI Securities not to solicit trade orders from clients for shares on the day they list.
The Tokio Marine & Nichido Building in the Marunouchi district of Tokyo
BUSINESS / Companies
Dec 26, 2023
Japan penalizes biggest property insurers for price fixing
The Financial Services Agency has issued business improvement orders on the core units of Tokio Marine, MS&AD Insurance and Sompo.
Morgan Stanley MUFG Securities hopes to record its highest-ever income from Japan in the current fiscal year, and work together with Mitsubishi UFJ Morgan Stanley Securities to overtake Nomura Holdings as the top broker in the country.
BUSINESS / Companies
Dec 25, 2023
Morgan Stanley expects record Japan revenue as BOJ fuels trading
Shift in the nation's monetary policy could spur more client activity, says the CEO of Morgan Stanley MUFG Securities.
Nomura Holdings CEO Kentaro Okuda in Tokyo in May
BUSINESS / Companies
Nov 29, 2023
Nomura eyes extra $100 million wholesale banking cost cuts
CEO Kentaro Okuda said that ensuring the recovery of Nomura's macro products business, where it has a high market share, is an important issues.
A resurgence in market activity has already helped to boost earnings at Barclays’ Japanese securities arm this year, which is likely to surpass 2022’s record profit of ¥15.1 billion.
BUSINESS
Nov 20, 2023
Barclays expects bumper Japan profit amid struggles elsewhere
The British bank is expecting another year of record profit in Japan on the back of the country’s debt and rates market trading resurgence.
Tokyo-based Luup controls more than 90% of the country’s shared e-scooter market in terms of ride mileage.
BUSINESS / Companies
Nov 13, 2023
E-scooter startup wins over Japanese regulators who confounded Uber
Tokyo-based Luup controls more than 90% of the country’s shared e-scooter market in terms of ride mileage, based on government-compiled data.
The Financial Services Agency said in its annual policy guidance that overseas real estate is among the credit risks to watch this year and that it will assess major banks' "situation of loans” made in this sector.
BUSINESS
Aug 30, 2023
Japan regulator to evaluate banks’ commercial property exposure
Commercial real estate has become one of the highest-profile asset classes hit by rapid rate hikes.
Nomura Holdings Chief Executive Officer Kentaro Okuda
BUSINESS
Aug 2, 2023
Nomura shares tumble most in two years after profit miss
The stock dropped as much as 8.5% on Wednesday morning, the biggest daily decline since March 2021.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
Yen rally could help end crushing wage decay in Japan
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Terunofuji, as he tends to do, returns to stamp his authority on sumo pretenders
Terunofuji (left) throws down Kirishima on Tuesday to build on his perfect record at the Nagoya Grand Sumo Tournament.
Japanese startups advised to internationalize to get some global mojo
Entrepreneurs who participated in the Beyond Japan Zero to X program last year share their experiences in the United States during a meeting in May in Tokyo.

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