Contrary to other financial institutions, the mega-bank says productivity hasn’t suffered while employees have been working remotely.
For Taiga Uranaka's latest contributions to The Japan Times, see below:
The total lent so far is already more than four times the amount deployed from January 2009 to support firms during the global financial crisis.
Hironori Kamezawa, 58, say the digital shift has picked up pace in the wake of the novel coronavirus pandemic.
Concerns are mounting that some banks are too weak to withstand the coronavirus-fueled recession and may eventually need to be rescued or delisted.
For the country’s commercial banks, the BOJ’s sub-zero rates strategy aimed at stimulating the economy and prices has eroded their profit margins.
The bank is in talks with corporate clients to provide financing via subordinated loans and purchases of preferred shares totaling more than ¥100 billion.
Transactions here and elsewhere in the Asia-Pacific will pick up before the U.S. and Europe do, experts say.
Coronavirus crisis expected to cause bad loans to climb and investment income to evaporate
Japanese financial conglomerate SBI Holdings Inc. anticipates a flood of money from yield-starved regional banks that need help reinvesting cash after redeeming government bonds. A year-old SBI unit that invests on behalf of local banks should see assets at least doubling to ¥300 billion ($2.7 ...
Japan's effort to nudge its more than 100 struggling regional lenders into the digital age is floundering. More than a year after rules to spur open banking were issued, small lenders are stuck in a back-and-forth with startups over fees for access to client account ...