The nation's regional banks need a little shaking up: There are far too many of them, profits from loans are shrinking, and their customers are disappearing. The enormous privatization of Japan Post, coming up next month, may just help spur them into action. State-owned Japan ...
For bank analyst Mac Salman, the Bank of Tokyo-Mitsubishi flagship branch in Tokyo is so majestic that he brings friends and family there when they visit Japan. First, there's the brightly lit paneled ceiling, the plush peach carpet and marble counter staffed by row after ...
Mitsubishi UFJ Financial Group Inc., the lender that has made about $13 billion in acquisitions overseas since its founding a decade ago, is making a pivot toward its home market. "A financial institution's mother market should be its first priority," Nobuyuki Hirano, president and chief ...
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 ...
Mitsubishi UFJ Financial Group Inc. is seeking to expand its workforce in Taiwan as it pursues business from companies benefiting from increasing trade between the island and mainland China. "We need to be geographically close to our customers," Tetsuo Tani, deputy head of planning for ...
Mitsubishi UFJ Financial Group Inc. probably led a slight increase in first-quarter profit at Japan's biggest banks as gains in fee income and overseas lending made up for shrinking loan profitability at home. Combined net income at Mitsubishi UFJ, Sumitomo Mitsui Financial Group Inc. and ...
As Japan Post Bank Co. prepares for an initial public offering and poses increased competition to regional banks, they are willing to do business with the state-owned company — on one condition. A ruling party proposal to raise the ¥10 million cap on how much ...
Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. plan to bolster their balance sheets by introducing bonds that offer investors enhanced returns at greater risk. The two banks will sell so-called Tier 1 notes, or instruments whose value may be written down if ...
Japanese banks will oppose a push by global regulators to toughen rules on the capital lenders require to withstand an increase in interest rates, the new chief of the country's bank lobby said. Stricter capital requirements for interest-rate risk on assets lenders plan to hold ...
The ruling Liberal Democratic Party wants to raise the deposit limit at state-owned Japan Post Holdings Co.'s lending arm before a planned initial public offering later this year, according to a lawmaker who is backing the change. A higher ceiling than the current ¥10 million ...
