Mizuho Financial Group Inc.'s trust banking arm has its sights set on exactly where the wealth is in Japan: the $11 trillion held by the nation's elderly. The company has begun selling a type of trust that gives rich retirees more options for managing their ...

Where there's a will, there's a way. That's what banks across Japan are counting on as they try to keep hold of the ¥50 trillion in wealth left by their customers each year when they die. With more than a million Japanese dying annually, smaller ...

Japanese banks, long content to foster the nation's love for cash, are now diving into digital payments thanks to a regulatory change that threatens to usher in new rivals. In recent months, lenders around the country have announced a flurry of initiatives designed to grab ...

The Financial Services Agency is laying the groundwork for a regulatory overhaul that could lead to a shake-up in Japan's ¥1 quadrillion banking industry. The agency is examining how to change the legal framework so that all providers of financial services are subject to the ...

Alipay, a third-party mobile and online payment platform by Alibaba Group Holdings Ltd., is chasing Chinese tourists to Japan, where it's signing up a growing number of retailers and eyeing the long-term potential of the nation's $45 billion digital payments market. The volume of domestic ...

Considering a work stint in Japan? You'd better make it short, and you'd better stay alive. That's because the government subjects long-term foreign residents to inheritance tax of up to 55 percent on their worldwide assets — meaning heirs could be forced to give up ...

Glen Wood, an equity sales manager at Mitsubishi UFJ Morgan Stanley Securities Co., filed a harassment claim against the brokerage and asked a Tokyo court to order the firm to withdraw its decision to put him on unpaid leave. The Canadian national claims he was ...

A proposal that residents be required to give their My Number before entering a casino could severely restrict access, the leader of a ruling party panel working on plans for the Singapore-style resorts said in an interview. Identification cards with chips that contain data including ...

A childhood New Year's holiday spent playing cards with his family planted the seeds of a gambling compulsion that ravaged decades of one man's life. Now 67, the former salesman from western Japan fell into debt time and time again as his addiction drew ...

Tokyo, Osaka and Yokohama are emerging as likely candidates for casino resorts under the government's new bidding framework, triggering criticism from smaller cities that say it undermines Prime Minister Shinzo Abe's goal of reviving rural areas. Most global casino operators have indicated an interest in ...