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

Business 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

Business 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 ...

Business / Corporate Apr 22, 2016

Japan Post to fight negative rates with shift to risk assets

Japan Post Holdings Co. will shift more of its $2.6 trillion investment portfolio to riskier assets to boost profitability as negative interest rates shrink income from government bonds. The newly privatized postal and financial giant, which has about ¥205.5 trillion ($1.9 trillion) managed by its ...

Record-low bad debts make up for disappearing loan profit

Business Aug 13, 2015

Record-low bad debts make up for disappearing loan profit

Plunging interest rates are helping reduce Japanese banks' bad debt to record-low levels of almost a fifth of their highs 13 years ago. The drop in borrowing costs that narrowed Japanese net interest margins to the slimmest in Asia also was a factor in driving ...