Tag - banks

 
 

BANKS

Japan Times
BUSINESS / Markets
Oct 8, 2018
China slashes banks' reserve requirements as trade war with U.S. imperils growth
China's central bank on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.
BUSINESS
Sep 20, 2018
Japan's Financial Services Agency to check financial institutions' readiness for any emerging market swings
The Financial Services Agency plans to check if Japan's banks and other financial institutions are prepared to deal with any impact from sharp swings in emerging markets, sources with direct knowledge of the matter said Wednesday.
EDITORIALS
Sep 12, 2018
A regional bank's unscrupulous lending bites back
A regional bank's unusually strong performance was propped up by dubious lending practices.
COMMENTARY / World
Sep 4, 2018
Cash ban may have driven Indians away from banks
The chaos of demonetization probably made millions leery of formal finance.
EDITORIALS
Aug 29, 2018
Promoting regional bank mergers
The upheaval in Japan's demographics is causing a shake-up in the regional banking sector, requiring wise oversight by regulators.
Japan Times
BUSINESS / Companies / FOCUS
Aug 24, 2018
Mizuho's new leader Tatsufumi Sakai gears up to reform struggling mega-bank
When Tatsufumi Sakai was named chief executive and president of Mizuho Financial Group this year, many bankers and investors were surprised.
Japan Times
BUSINESS
Aug 21, 2018
Japan offers clue for British banks' future in Europe after Brexit, U.K. says
The U.K. now sees its banks having a similar relationship with the European Union after leaving the bloc as Japanese ones do.
BUSINESS
Aug 11, 2018
Higashi-Nippon Bank's chairman to resign over lending scandal
Higashi-Nippon Bank announced Friday that Chairman Michito Ishii will step down at the end of the month over its involvement in improper lending practices.
Japan Times
WORLD / Politics
Aug 10, 2018
Russia tells Washington curbs on its banks would be act of economic war
Russia warned the United States on Friday it would regard any U.S. move to curb the activities of its banks as a declaration of economic war which it would retaliate against, stepping up a war of words with Washington over spiralling sanctions.
Japan Times
BUSINESS / Companies
Jul 10, 2018
Japan mega-bank MUFG considers job cuts in overseas brokerage business
Mitsubishi UFJ Financial Group Inc. is considering job cuts at its securities operations overseas to keep them profitable.
ASIA PACIFIC / Crime & Legal
Jul 5, 2018
The cover-up: Malaysian officials reveal just how much 1MDB probe was obstructed
The government of former Malaysian Prime Minister Najib Razak spent years systematically obstructing probes into the alleged looting of state fund 1MDB while also ruthlessly muzzling critics, according to current and former government officials.
BUSINESS
Jun 22, 2018
Japan's financial watchdog tells banks to report suspicious transfers by joint ventures with North Korea
The Financial Services Agency has told banks to report any suspicious money transfers involving 10 Japan-North Korea joint ventures, two people with direct knowledge of the matter said Friday.
Japan Times
BUSINESS / YEN FOR LIVING
Jun 8, 2018
Days are numbered for ATMs in Japan's banking system
On May 2, Shinsei Bank announced that starting from October it will impose fees for automatic teller machine (ATM) transactions. Shinsei's main sales point has always been its lack of ATM fees, but the bank will start charging ¥108 per ATM withdrawal unless the customer's account satisfies certain conditions....
EDITORIALS
Jun 6, 2018
Scrutinize the regional bank lending fiasco
A bank in Shizuoka provides a lesson in what regional banks should not do to survive the industry's tough business conditions.
Japan Times
BUSINESS / Companies / ANALYSIS
May 22, 2018
Japan's earnings reports mostly disappoint, but analysts see hope ahead
With Japan's quarterly reporting period almost over, one analyst summed up the general feeling about companies' profit performance.
Japan Times
BUSINESS
May 15, 2018
Regional banks fight for inheritance to ensure their survival
Where there's a will, there's a way. That's what banks across Japan are counting on as they try to keep hold of the ¥50 trillion in wealth left by their customers each year when they die.
BUSINESS
May 10, 2018
Japan's Financial Services Agency to allow banks to shut on weekdays
The Financial Services Agency plans to allow banks to shut on weekdays by easing a regulation covering the days they can stay closed.
EDITORIALS
Apr 29, 2018
Competitive policy amid the falling population
With the population shrinking, markets are contracting. The government needs to decide how best to maintain competition between companies in such an environment.
COMMENTARY / World
Apr 7, 2018
Fintech can address Asia's inequality
Innovations in finance technology can increase the level of access to capital and financial inclusion in Asia.
Japan Times
BUSINESS
Apr 5, 2018
Banks rush to turn Japan cashless before legal change attracts tech giants
Japanese banks, long content to foster the nation's love for cash, are now diving into digital payments thanks to a regulatory change that threatens to usher in new rivals.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past