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.
Millions of defaults threaten future of microfinance in India
Worldwide, microlending’s tremendous reach, once heralded as its greatest strength, now looks like a deep liability.
China’s crackdown will shake up world’s largest fintech market
The nation's financial watchdogs have made it their primary goal this year to curb the "reckless” push of technology firms into finance.
Pandemic-era central banking is creating bubbles everywhere
In 2020, cheap money, gushing in from the world’s major central banks, inflated assets and reshaped how we save, invest and spend.
FSA opens office to give English guidance to foreign financial firms entering Japan
Higher taxes and language barriers are often cited as the reason Japan is generally deemed less attractive than other Asian rivals as an international financial hub.
Japan Post Bank to scrap its cashless payment service over security flaws
Until the launch of a new service, the bank will offer the mijica payment service only with available card functions that have proven to be safe, including its use as a debit card.
NTT Docomo and MUFG Bank are working on jointly offering housing loan and unsecured loan services, aiming to reach an agreement by this spring, according to the sources.
Ten surprises that await Japan in 2021
Next year is poised to be a great year for Japan. My main predictions are unashamedly bullish: Exports will get a boost from a re-acceleration in global growth; there will be a surprise pickup in domestic demand with business investments kicking in and, most ...
BOJ expands regional bank merger plan to cover community-based lenders
The Bank of Japan said Friday it will expand its special program aimed at supporting regional bank mergers to cover smaller community-based lenders in a bid to prompt reorganizations of struggling local financial institutions. The BOJ said last month it will provide an additional 0.1% ...
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.
Japan government won't force regional bank realignments, Suga says
The prime minister also stressed that regional banks are facing an increasingly tough business environment amid the declining population.
Mitsubishi UFJ Financial Group Inc. plans to name MUFG Bank Managing Executive Officer Junichi Hanzawa as president and CEO of the core banking unit, sources said Tuesday. The plan means that Hanzawa, 55, will become the first managing executive officer to directly assume the post ...
