Business Aug 1, 2020
Skymark secures ¥50 billion in emergency financing to weather pandemic
The air carrier persuaded creditors to extend the repayment deadline for a ¥30 billion loan and establish a ¥20 billion credit line.
Business / Corporate Jul 28, 2020
Japan’s banks may stave off hit from bad loans in first-quarter results
Analysts predict expenses booked in the April-to-June quarter were relatively low, because companies have tapped credit lines and central bank assistance.
National / Social Issues Jul 15, 2020
Japan FSA seeks improved support to manage older people's finances
Japan's Financial Services Agency on Wednesday called for financial institutions to improve their support for older people who have difficulties with financial transactions due to deteriorating cognitive abilities. A draft report that included the measure was presented to a meeting of a working group for ...
Business Jul 15, 2020
Social media-fueled rumors about banks collapsing are popping up at an unprecedented frequency in China, forcing regulators and even the police to step in to calm depositors. Just since the past month, worried savers have descended on three banks to withdraw funds amid rumors of ...
Business / Economy Jul 15, 2020
BOJ expects economy to shrink 4.7% in fiscal 2020 due to pandemic
Central Bank to maintain ultraeasy policies and corporate support, while forecasting growth for fiscal 2021 as businesses are expected to return to pre-pandemic output.
Business Jul 14, 2020
Grab deal just the start of MUFG's focus on technology investment, says CEO
by Taiga Uranaka and Yuki Hagiwara
Hironori Kamezawa, 58, say the digital shift has picked up pace in the wake of the novel coronavirus pandemic.
Business / Corporate Jul 8, 2020
Banks with ‘shattered’ business models warned by Japan to adapt
by Taiga Uranaka and Yuki Hagiwara
Concerns are mounting that some banks are too weak to withstand the coronavirus-fueled recession and may eventually need to be rescued or delisted.
Business / Corporate Jun 25, 2020
Mizuho investors reject Japan's first shareholder climate resolution
The resolution would have required Mizuho to disclose climate risks and publish a plan to ensure its investments are aligned with the Paris Agreement.
Business / Corporate Jun 23, 2020
Environmental shareholder activism comes to Japan as Mizuho faces climate resolution
If the resolution is passed, it could push Japanese banks to live up to recent commitments to end lending for the dirtiest fossil fuel.
Business / Economy Jun 22, 2020
Lawmakers offer help to Japanese banks battling fintech firms
The ruling-party lawmakers are looking to make it easier for banks to expand into different industries.
Business / Corporate Jun 20, 2020
Mega-bank MUFG to ban loans to makers of nukes, but not missiles
The bank's revised guidelines don't close the door on nuclear-related businesses that make missiles capable of carrying atomic weapons.