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

Business 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 ...

Business / Tech 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

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 ...

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 ...

Margin-starved Japanese banks following carmakers to Mexico

Business Mar 3, 2016

Margin-starved Japanese banks following carmakers to Mexico

In a quest to reduce their reliance on one of the world's least profitable banking markets, Japanese lenders are setting their sights on a much more lucrative one: Mexico. Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. are among so-called megabanks expanding in ...