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Japan household assets rise to fresh record in June

Business / Economy Sep 20, 2017

Japan household assets rise to fresh record in June

Financial assets held by households rose 4.4 percent from a year earlier to a record ¥1.832 quadrillion ($16 trillion) at the end of June, up for the fourth straight quarter, Bank of Japan data showed Wednesday. The growth was boosted by the increasing value of ...

Japan regulator scrutinizes regional banks' fund buying as risks soar

Business Sep 15, 2017

Japan regulator scrutinizes regional banks' fund buying as risks soar

The nation's regional banks, desperate to boost returns with interest rates around zero, are coming under scrutiny from regulators as they increase purchases of risky investment trusts. The Financial Services Agency (FSA) has been talking to bankers to gauge whether the firms have the knowledge ...

German Catholic archdiocese reveals it's richer than Vatican

World Feb 20, 2015

German Catholic archdiocese reveals it's richer than Vatican

The Roman Catholic archdiocese of Cologne in Germany has disclosed it is worth €3.35 billion ($3.82 billion), making it richer than the Vatican. Publication of the first full report of its wealth reflects greater financial transparency within the German Church since Pope Francis removed a ...