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August 12, 2025
 

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BANKS

The Financial Services Agency Commissioner Yutaka Ito is interviewed in Tokyo last week.
BUSINESS / Economy
Aug 10, 2025
FSA eager to back regional bank realignment
Ito, who took office in July, stressed that cooperation with nonfinancial businesses is also crucial for the management of regional lenders.
Stephen Miran, in a paper he co-authored last year for the Manhattan Institute, laid out a case for increasing presidential control of the Fed board, including by shortening members' terms.
BUSINESS
Aug 8, 2025
Trump picks Stephen Miran to fill open spot on Fed board
Miran, who has called for a complete overhaul of the Fed's governance, would take over from Fed Governor Adriana Kugler following her surprise resignation last week.
Net income at JPMorgan Chase & Co. in Japan more than doubled in the year ended March 31, reflecting a jump in merger advisory and underwriting business.
BUSINESS / Companies
Aug 6, 2025
JPMorgan leads foreign banks for Japan earnings amid dealmaking spree
Japanese companies have stepped up acquisitions as well as sales of noncore units in recent years, providing more opportunities for investment banks.
Mizuho Bank is said to have appointed Devendra Sharma as co-head of corporate banking in India with the aim of strengthening its presence in the country.
BUSINESS / Companies
Aug 5, 2025
Mizuho said to hire Mashreqbank’s corporate banking head in India
Mizuho Bank is betting big in India, with a focus on corporate and investment banking, as well as retail loans.
Japan's three megabank groups have estimated that the tariffs imposed by the administration of U.S. President Donald Trump could cut their fiscal 2025 profits by around ¥80 billion ($544 billion) to ¥110 billion.
BUSINESS / Companies
Aug 5, 2025
Japan's five largest banking groups post 2.7% profit gains for April-June
The increase is partly due to growth in profits from the banking groups' lending operations reflecting the Bank of Japan's interest rate hikes.
Hironori Kamezawa, chief executive officer of Mitsubishi UFJ Financial Group, speaks during an interview at the company's headquarters in Tokyo on Friday.
BUSINESS / Companies
Aug 5, 2025
BOJ rate hike in September or October is 'desirable,' MUFG chief says
Such a hike is ideal in the face of strong inflation in the country.
Mizuho Financial Group now expects net income to reach a record ¥1.02 trillion ($6.9 billion) in the year ending March 31, up from ¥940 billion projected earlier, it said Thursday.
BUSINESS / Companies
Jul 31, 2025
Mizuho and Sumitomo see strong results as Japan banks beat estimates
Japan’s three biggest banks in May predicted another year of record profits, even as the nation’s export-driven economy was at risk from U.S. tariff threats.
Among elderly people age 65 and over, the share of single-person households jumped from 5.0% to 12.1% between 1995 to 2020.
JAPAN / Society
Jul 27, 2025
Use of deceased's person's savings for cremation allowed without heirs' consent
The move is aimed at reducing the financial burden on municipalities, which have often shouldered burial or cremation costs.
Climate action is uneven worldwide, with capacity gaps and rising challenges in climate-risk disclosure underscoring the need for inclusive minimum standards that all companies and countries — especially smaller firms and developing nations — can realistically meet to ensure an effective global response.
COMMENTARY / Japan
Jul 27, 2025
Climate disclosure is advancing — but who’s being left behind?
Global momentum for standardized climate-related disclosure remains strong, reflecting a desire to balance regulatory ambition with economic competitiveness.
Mizuho expects AI technology will help the company increase revenue and cut costs, resulting in positive effects totaling ¥300 billion by fiscal 2030.
BUSINESS / Tech
Jul 18, 2025
Mizuho partners with SoftBank on AI to boost efficiency
Mizuho will be the first in the financial sector to introduce artificial intelligence that is being developed jointly by SoftBank and OpenAI.
Mizuho CEO Masahiro Kihara is interviewed in London on Monday.
BUSINESS / Companies
Jul 15, 2025
Mizuho CEO confident of meeting ¥1 trillion profit target
Japan’s third-largest lender forecast in May that net income will likely climb 6.1% to ¥940 billion in the fiscal year started in April.
In a report Friday, Goldman Sachs economists noted that it’s reasonable to expect the Bank of Japan to start gradually selling ETFs in fiscal 2026 to minimize its loss and the impact on the stock market.
BUSINESS
Jul 14, 2025
BOJ finishes offloading bank stocks, bringing attention to ETFs
The BOJ’s holdings of the shares purchased from banks hit zero as of July 10, falling from ¥2.5 billion ($17.4 million) 10 days ago, according to its balance sheet report.
As crypto adoption grows and Bitcoin hits new highs, a surge in violent attacks, kidnappings and hacks targeting holders underscores the steep and often overlooked cost of being your own bank in a cashless world.
COMMENTARY / World
Jul 11, 2025
Crypto crime is the future. Bank heists are history.
Banks are no longer easy or juicy targets for robbers, with heists down more than 80% since the 1990s as branches close and piles of cash hoarded in safes become a rarity.
Yamanashi Chuo Bank's Tokyo office. The regional bank has set up an "investment advisory firm” to get around internal salary limits and attract talent.
BUSINESS / Companies
Jul 8, 2025
Rural bank in Japan finds novel way to attract talent with higher pay
Yamanashi Chuo Bank has set up an "investment advisory firm” to get around internal salary limits, showing the lengths it's willing to go to bolster its ranks.
Jerome Powell, chairman of the U.S. Federal Reserve, has repeatedly declined to say whether he will step down when his four-year term as chair expires in May.
BUSINESS / Economy
Jul 5, 2025
Powell's silence on his future complicates Trump Fed chair search
The Fed chief has repeatedly declined to say whether he will step down when his four-year term as chair expires in May, or remain on the Fed board.
Natixis has hired Makoto Kawamura, formerly head of JPMorgan Chase Bank’s Japan treasury and chief investment office in Tokyo, and Hideaki Sugahara, who was a director at Societe Generale, for its new banking business in Japan.
BUSINESS / Companies
Jul 1, 2025
Seeing growth potential, Natixis plans to double banking staff in Japan
The move comes as Paris-based Natixis starts a new banking branch in Tokyo, in the latest sign of a global financial firm vying for business opportunities in Japan.
SBI Holdings repaying the public funds on July 31 will mark the end to the aftermath of a financial crisis triggered by the bursting in the early 1990s of the asset-inflated economic bubble in Japan.
BUSINESS / Companies
Jun 25, 2025
SBI to fully repay public funds next month
SBI repaying the public funds would mark the end to the aftermath of a financial crisis triggered by the bursting in the early 1990s of the asset-inflated economic bubble in Japan.
MUFG Bank said Monday that a former employee in his 60s has defrauded a customer out of ¥39.84 million by suggesting fictitious financial products and issuing forged deposit receipts.
JAPAN
Jun 23, 2025
Ex-MUFG bank worker defrauds customer of ¥39.84 million
The Niigata District Public Prosecutors Office indicted the former worker at the major Japanese bank's Niigata branch.
Japanese companies are rushing to protect their employees and brace operations in the Middle East for the fallout from U.S. strikes on Iran.
BUSINESS / Companies
Jun 23, 2025
Japan’s banks pull staff from Middle East after U.S. strikes Iran
Mitsubishi UFJ Financial Group has started to pull staff out of locations including Dubai, and halted unnecessary travel in and out of the region.
Forged My Number cards and other ID cards seized by police are shown at a police station in Tokyo in December 2023.
JAPAN / Crime & Legal
Jun 20, 2025
Japan to require IC chip ID verification for online bank accounts in 2027
The new rule is designed to prevent fraudulent accounts from being opened under stolen identities.
Millions told to evacuate as heavy rain sparks flooding and landslides in Kyushu
Heavy rain falls in the city of Kumamoto on Monday morning.
Osaka Expo highlights the challenge of holding events in Japan's scorching summer
People huddle near a large fan blowing icy-cold mist at the Osaka Expo on July 12. Amid Japan's relentless summer heat, organizes have put myriad measures in place in order to keep guests safe.
Chinese vessels collide while pursuing Philippine boat in South China Sea
This handout video grab released and taken on August 11, 2025 by the Philippine Coast Guard shows an incident between a Chinese Navy vessel (left) and a Chinese Coast Guard ship as seen from a Philippine fisheries boat near Scarborough Shoal in the disputed South China Sea.
Weather agency warns of landslides and flooding in Kyushu as heavy rain continues
An embankment on the Amikake River that collapsed due to heavy rain in Aira, Kagoshima Prefecture, on Friday. Downpours continued in the Kyushu region over the weekend.
Tokyo’s WWII museums hold diverse views on war and peace
A carrier-based Type 52 Zero fighter marks the entrance foyer of Yasukuni Shrine's Yushukan, a museum that tells a more nuanced story of Japan's experience in World War II than the controversies around the shrine might suggest.
Osaka Expo highlights the challenge of holding events in Japan's scorching summer
People huddle near a large fan blowing icy-cold mist at the Osaka Expo on July 12. Amid Japan's relentless summer heat, organizes have put myriad measures in place in order to keep guests safe.
At Himawari Shokudo 2, Italian food with a Japanese soul
At Himawari Shokudo 2, chef Hozumi Tanaka serves Italian-inspired fare with a focus on Toyama produce, such as this appetizer of lightly blanched "hotaru ika" (firefly squid) served atop mixed wild plants and a crepe prepared from "yamato-imo" yam.
Cheer with caution: Expert advises sports fans have game plan for extreme heat
A Cardinals fan fans himself during the seventh inning of a game against the Pirates in St. Louis, Missouri, in June 2022.
Australia's warship selection signals Japanese defense industry's arrival
The Maritime Self-Defense Force's Mogami-class frigate. Australia's selection of an upgraded version of the Mogami-class warship for its next frigate class could prove to be a watershed moment for Japan’s defense industry.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Koichi Tagawa’s diary entry from Aug. 9, 1945, describes the day of the atomic bombing of Nagasaki.
The horrors of Nagasaki, in first person
By Naoko Abe

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