Gareth Allan

For Gareth Allan's latest contributions to The Japan Times, see below:

In bid to go global, MUFG woos overseas talent

/ Aug 12, 2017

In bid to go global, MUFG woos overseas talent

Andrew Mitola had never heard of Mitsubishi UFJ Financial Group Inc. until he met recruiters for the bank during his junior year of college. Now the New Jersey native is among the first to join Japan's biggest lender under an overseas graduate hiring program it ...

Nation's regional banks facing choice of mergers or extinction

Jul 12, 2017

Nation's regional banks facing choice of mergers or extinction

Hiroshi Iwama and Mitsunori Watanabe used to joke about merging their banks in central Japan. When the Bank of Japan introduced negative interest rates last year, things got serious. The two golfing buddies run Mie Bank Ltd. and Daisan Bank Ltd., two of Japan's roughly ...

Japan's mega-banks vie for top role as backers of clean energy

Jun 30, 2017

Japan's mega-banks vie for top role as backers of clean energy

Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. are in a neck-and-neck race to be the biggest lead arrangers of lending to the renewable energy industry in the first half of the year, highlighting the more active financing role for Japanese banks ...

/ Nov 11, 2016

Robo-adviser startup eyes Japanese millennials' spare change

Like their peers overseas, Japan's millennials aren't known for squirreling away their money. Kazuhisa Shibayama is trying to change that, one coin at a time. The founder and chief executive officer of WealthNavi Inc., a startup backed by Japan's three biggest banks, is developing an ...

Apple hopes for e-money growth in cash-carrying Japan

Sep 2, 2016

Apple hopes for e-money growth in cash-carrying Japan

Apple Inc.'s plan to allow Japanese customers to use iPhones to pay for their daily commute underscores the potential for digital payments to grow in a nation where people still prefer to hold cash. Japanese have for years been using rail passes that double as ...

Japanese banks enter ranks of world's biggest energy lenders

Jun 9, 2016

Japanese banks enter ranks of world's biggest energy lenders

Japanese banks, known for the risk-aversion that spared them the worst of the credit crisis, have quietly grown into some of the world's largest energy lenders. Mitsubishi UFJ Financial Group Inc., the nation's largest bank, disclosed last month it has become one of the biggest ...