Business Jun 4, 2021
Japanese banks’ ¥300 trillion dilemma puts focus back on riskier bets
Deposits at the nation’s top three banks alone grew by ¥41 trillion in the year ending in March.
Business / Corporate Jun 3, 2021
Remote work drives Japanese to suburbs, boosting Resona Holdings
The mortgage lender is enjoying a surge in demand for credit from homebuyers seeking larger properties in the suburbs, where the bank has a strong presence.
Business / Corporate Apr 23, 2021
Retailer Rakuten beats Japanese lenders at digital banking game
New digital bank accounts with the internet conglomerate better known for its online shopping services expanded by 20% last year, and recently topped 10 million.
Business Feb 18, 2021
Cash-loving Japan shifts from notes and coins in boost for banks
As banks move toward digitalization, the pandemic has added an incentive for consumers and merchants to avoid touching physical money.
Business / Corporate Dec 25, 2020
Junichi Hanzawa, MUFG’s next banking unit chief, targets Asia for growth
Japan’s biggest bank has been aggressively expanding in Asia, where it has spent about $15 billion buying stakes in lenders in Indonesia, Thailand, Vietnam and the Philippines.
Business / Corporate Dec 22, 2020
Sumitomo Mitsui on hunt for Asian lender and U.S. partner for deals
The plans underscore how the bank is looking beyond the current dip to grow abroad, with low interest rates and a graying population hampering prospects at home.
Business Dec 11, 2020
Japan banks struggle to unwind last ¥4.6 trillion in cross-shareholdings
Having already divested trillions of yen under pressure from regulators and investors, megabanks are now down to a clutch of firms that are resistant to stake sales.
Business / Corporate Nov 11, 2020
Japanese banks to hit profit goals as stimulus curtails bad loans
Any moderation of bad-loan charges would mirror a trend seen around the world this earnings season, after banks from Singapore to the U.S. kept defaults at bay.
Business / Corporate Nov 10, 2020
Mizuho to become first Japanese bank to sell consumer data
The new business is being made possible by deregulation aimed at shoring up the country’s struggling banking industry.
Business / Corporate Sep 24, 2020
Mizuho to shrink New York and London offices following remote work success
Contrary to other financial institutions, the mega-bank says productivity hasn’t suffered while employees have been working remotely.