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April 25, 2025
 

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BANKS

Citigroup has created a team in Tokyo catering to cross-border business needs of midsize firms in Japan.
BUSINESS / Companies
Jun 17, 2024
Citigroup starts team in Japan targeting growth at midsize firms
The team in Tokyo will offer tailored products in areas ranging from global cash management to financing.
The Securities and Exchange Surveillance Commission on Friday recommended administrative action against MUFG Bank and two brokerage units of Mitsubishi UFJ Financial Group for sharing nonpublic information on client companies without their permission.
BUSINESS / Companies
Jun 14, 2024
Watchdog backs penalties over sharing of Mitsubishi UFJ client data
The Securities and Exchange Surveillance Commission said that MUFG's banking and securities units had engaged in unauthorized sharing of information.
Akio Toyoda, chairman of Toyota Motor, bows during a news conference in Tokyo on Monday.
BUSINESS / Companies
Jun 8, 2024
Shareholder votes in focus as big Japan banks sell Toyota shares
The potential exit of key stakeholders may lead to less stability and predictability for boards and management of listed companies across Japan.
A bank and two securities companies under Mitsubishi UFJ Financial Group could face punitive action for allegedly sharing customer information without consent, sources said.
BUSINESS / Companies
Jun 7, 2024
MUFG units could be penalized for sharing client information
MUFG Bank and the securities firms exchanged information related to clients’ mergers and acquisitions without their consent, sources say.
Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group will sell their Toyota shareholdings over an extended period of time lasting a few years, sources said.
BUSINESS / Companies
Jun 7, 2024
Two of Japan's top banks to divest ¥1.3 trillion in Toyota shareholdings
Mitsubishi UFJ and Sumitomo Mitsui will sell in stages and take advantage of Toyota’s plan to buy back its own shares.
The Two International Finance Center, left, and other buildings in Hong Kong in May 2021
BUSINESS / Markets
Jun 5, 2024
Chinese move billions into Hong Kong banks, seeking higher yields
Regulators in Beijing have clamped down on high-yielding wealth management products onshore, while sinking real-estate prices have sapped nest eggs across China.
BUSINESS / Companies
Jun 3, 2024
KKR weighs entering private credit in Japan to challenge banks
In Japan, most direct lending has been done overseas, and the domestic loan market is dominated by major banks.
The Iyogin Holdings headquarters in Matsuyama, Ehime Prefecture
BUSINESS / Companies
May 31, 2024
Bond traders make one-of-a-kind gain at tiny bank in Ehime
Iyogin Holdings, a regional bank based in the prefectural capital of Matsuyama, has delivered record net income for two years in a row.
Kazuto Oku, CEO of Norinchukin Bank, during a news conference in Tokyo on Wednesday
BUSINESS / Companies
May 23, 2024
Failed bond bets at Norinchukin force it to change strategy
Given its ownership structure, there are limits on the bank’s investment options.
Prime Minister Fumio Kishida says his administration is committed to capital market reforms to attract more foreign investments.
BUSINESS / Economy
May 23, 2024
Kishida makes public push on capital market reforms
Kishida's appearance at a conference held by Wall Street bank Morgan Stanley was another example of Japan's effort to shed the image of being unwelcoming to foreign investors.
Norinchukin Bank is one of Japan’s largest institutional investors with a ¥55.9 trillion ($357 billion) securities portfolio, and bonds make up more than half of its investments.
BUSINESS / Companies
May 21, 2024
Norinchukin weighs $7.7 billion fundraise to cover bond loss
As a result of restructuring its securities portfolio, the Tokyo-based bank may book about ¥500 billion in losses for the current fiscal year, one source said.
Japan's banks are benefiting from the Bank of Japan's policy shift and strong loan demand among their corporate clients.
BUSINESS / Companies
May 15, 2024
Japan’s biggest banks forecast record profits as rates rise
The banks are benefiting from an earnings boost following the Bank of Japan’s policy shift in March.
French President Emmanuel Macron during an interview on the fringes of the Choose France summit in Versailles, France, on Monday
BUSINESS / Companies
May 14, 2024
Macron puts French banks in play with plan to transform Europe
Macron has been trying to persuade his EU partners to embrace reforms that he says would turn the bloc into a more united and powerful economic force.
Special fraud cases in Tokyo in which stolen money was sent via online banking services grew some fivefold from the previous year in 2023.
JAPAN / Crime & Legal
May 12, 2024
Money stolen via online transfers up fivefold in Tokyo
Since many people use online banking services on a daily basis, the number of fraud cases involving such services is expected to grow.
A Towa Bank employee's suicide in 2017 has been recognized as a work-related accident.
JAPAN / Society
May 8, 2024
Towa Bank employee suicide linked to overwork and harassment
Findings from the Labor Standards Inspection Office showed the man was under extreme stress due to unmanageable work pressures.
Major banks as well as regional banks have raised their ordinary deposit rates to 0.02% per annum from 0.001%.
BUSINESS / Markets
May 6, 2024
Many banks in Japan raise deposit rates after BOJ action
Banks have also refrained from raising their lending rates, which would affect households and other corporate activities.
Nomura Holdings and Mizuho Bank are hit by more than $100 million of potential losses related to All Blue Capital, raising questions about their monitoring of high-risk investment funds.
BUSINESS / Companies
May 3, 2024
Nomura and Mizuho face losses after fund’s failed trades
The size of the potential losses raises questions about the risk-management practices at two of Japan’s largest banks.
Claudio de Sanctis, head of private bank at Deutsche Bank AG, during an interview in Singapore, on April 18
BUSINESS / Companies
May 3, 2024
Deutsche Bank unveils wealth targets after hiring push in Asia
Private banks are turning to the Middle East and Southeast Asia amid China's property crisis and a downturn in capital-market activity in Hong Kong.
The plaintiff in the case against Mizuho Bank had sought about ¥33 million in damages, including wages he should have received.
JAPAN / Crime & Legal
Apr 24, 2024
Mizuho ordered to pay ¥3.3 million to ex-employee over labor dispute
The bank had — citing problematic behavior — told him to stay home at reduced pay without any work for five years.
Despite the potential benefits AI might have for bank customers, like finding the best interest rates, there are concerns about the destabilizing effects it may have on financial stability.
COMMENTARY / World
Apr 24, 2024
Generative AI is coming for your bank. Maybe.
Tech investors reckon that supersmart agents will soon upend the business model of traditional banks, but there are caveats.
Amid uncertain tariffs, is now the time to buy a new iPhone?
An Apple store in Tokyo's Shibuya Ward in September. Prices for the newest iPhone models start at around ¥100,000 ($700) in Japan.
Japan must correct Trump’s false data for trade talks, says Kono
Former Foreign Minister Taro Kono
Japan wants to 'separate' tariff and security issues. That may be tough.
Japan’s chief tariff negotiator, Ryosei Akazawa, poses with a "Make America Great Again" cap at the White House in Washington on April 16.
Social media helps fuel growing 'sex tourism' in Japan
People walk down a street in the red-light entertainment area of Kabukicho in the Shinjuku district of Tokyo on March 31.
Japan set to fine cyclists on the spot for rule violations from 2026
Under new rules, those who use smartphones while riding a bicycle would be subject to the maximum fine of ¥12,000.
Amid uncertain tariffs, is now the time to buy a new iPhone?
An Apple store in Tokyo's Shibuya Ward in September. Prices for the newest iPhone models start at around ¥100,000 ($700) in Japan.
Built in a flash, Osaka Expo pavilions wrestle with sustainability
Kengo Kuma & Associates oversaw the construction of the Malaysia pavilion, which is encased in interwoven rows of bamboo that appear to ripple.
Japan weighs using U.S. rice imports as tariff negotiation tool with Trump
A restaurant owner pours California-grown Calrose rice into a rice cooker at his restaurant in Tokyo
Is Japan’s parliament ready to welcome more youth to its ranks?
Lower House lawmaker Kai Odake in his Tokyo office on Wednesday
Crow meat, goat tartare: Mauvaise Herbe raises its game
Crow meat, shaped into a ball and attached to a foot of the bird, is one of the peculiar offerings of game at Mauvaise Herbe.

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