Pandemic and internet banking push Japan’s lenders to revamp branches
Withdrawing or transferring cash through a bank teller could completely disappear in Japan within a few years as banks retool branches for the digital age.
BOJ’s local bank aid makes rates harder to cut, ex-official says
To gain eligibility for the interest payments, regional banks must make decisions on merging or show they have improved their profitability.
Majority of regional banks in Japan see profit drop or red ink
Net core business profits sank 3.8% to ¥625.3 billion because financial product sales were suspended during the coronavirus state of emergency earlier this year.
Japanese banks warn of tougher road ahead after solid earnings
MUFG and Mizuho raised their full-year profit targets, thanks mainly to strong results from trading and serving cash-strapped corporate clients in the six months ended Sept. 30.
BOJ to promote regional bank mergers via special interest program
The central bank's move is widely seen as a measure to help regional lenders merge and survive amid slumping local economies hit hard by the coronavirus pandemic.
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.
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.
MUFG rules out more job cuts at Asia brokerage after restructuring
The move contrasts with those of other major banks such as Goldman Sachs Group Inc., which are resuming job cuts.
Japan plans hub for foreign brokers to file paperwork in English
The one-stop venue could start operating as soon as next spring, with English-language filing to begin before that in early 2021 via the Financial Services Agency.
Japan needs another extra budget to help ailing economy, experts say
Ruling-party lawmakers have likewise called for another stimulus package funded by a third extra budget.
Resona Bank said there is no evidence that a disk containing customer data was stolen and any attempted access by a third party would be blocked by a password.
BOJ’s swelling share of Japan assets complicates future exit from stimulus
The central bank now owns 71% of exchange-traded funds, a fifth of commercial paper and 7% of corporate bonds, its assets equivalent to 137% of gross domestic product.
