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June 07, 2025
 

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MITSUI

Japan’s three megabanks are discussing jointly operating ATMs.
BUSINESS / Companies
Jun 4, 2025
Japan’s top banks consider teaming up on ATMs to cut costs
The banks are seeing whether costs can be reduced for tasks needed to run ATMs such as monitoring, security and cash transportation.
Mitsui O.S.K. Lines President and CEO Takeshi Hashimoto speaks during an interview in Tokyo in April.
BUSINESS
May 23, 2025
Japanese gas tanker giant sees difficulty buying Chinese vessels
Washington has issued a flurry of measures since President Donald Trump took office aimed at curbing China’s maritime dominance and reviving its own flagging shipbuilding industry.
Over the past three years, banks with the most blended-finance transactions include SMBC, Citigroup, BNP Paribas and Mitsubishi UFJ Financial Group.
BUSINESS / Companies
May 22, 2025
Sumitomo Mitsui among banks stepping up deals for blended finance
Deals blending public and private funds totaled $18 billion last year, down 21% from 2023, according to Convergence.
Mitsui OSK Lines' owned and managed North Moon, North Ocean and North Light LNG vessels have been included in a new sanctions package targeting Russia's shadow fleet.
BUSINESS / Companies
May 21, 2025
Mitsui OSK assessing EU sanction impact on its LNG vessels
MOL's owned and managed North Moon, North Ocean and North Light LNG vessels were included in a new sanctions package.
SoftBank Group’s investments in AI will be financed through a loan in which Mizuho Bank, Sumitomo Mitsui Banking and JPMorgan Chase serve as lead underwriters, highlighting the Japanese tech investor's ability to secure funding for its outsize ambitions.
BUSINESS / Companies
May 21, 2025
SoftBank taps Mizuho, SMBC and JPMorgan to lead $15 billion loan
The move is a sign of the Japanese tech investor’s ability to secure financing for its outsize ambitions.
Sumitomo Mitsui Financial Group’s clients are becoming cautious about making deals and investments amid uncertainties over U.S. tariffs.
BUSINESS / Companies
May 15, 2025
Sumitomo Mitsui braces for tariff fallout with more buffers
Japan’s second-largest lender expects net income to climb about 10% to ¥1.3 trillion in the year that started in April.
An expected collaboration between Sumitomo Mitsui Financial Group and SoftBank will see the PayPay smartphone payment service being made available via the Olive general financial app provided by Sumitomo Mitsui Banking.
BUSINESS / Companies
May 14, 2025
Sumitomo Mitsui and SoftBank to tie up on digital payment services
The PayPay smartphone payment service operated by a SoftBank affiliate will be made available in Sumitomo Mitsui Banking's Olive app under the partnership.
Solar Park Kasso ApS's e-methanol production plant, located on the outskirts of Aabenraa in Denmark, on Monday
BUSINESS / Companies
May 14, 2025
Mitsui starts mass production of e-methanol with Danish firm
The amount of CO2 emitted from e-methanol production is up to 97% less than that from methanol produced using fossil fuels.
A branch of SMBC Nikko Securities, a unit of Sumitomo Mitsui Financial Group, in Tokyo
BUSINESS
May 12, 2025
Japan’s megabanks to remain buoyed by BOJ’s long game to hike rates
The central bank stood pat earlier this month after a cycle of rate hikes since March 2024 and halving its economic growth outlook to 0.5% for this fiscal year.
A security guard stands outside a branch of Yes Bank in New Delhi last August.
BUSINESS / Companies
May 10, 2025
Japan's SMBC to buy stake in India's Yes Bank
The Sumitomo Mitsui deal marks the biggest foreign investment in India’s banking sector, and is the latest move by Japanese lenders to expand in the country.
The tie-up between Sumitomo Mitsui Banking and its new partners will target U.S. middle-market companies, according to executives.
BUSINESS / Companies
May 7, 2025
SMBC teams with private lenders to offer $1.7 billion of credit
The tie-up between the Japanese banking conglomerate and its new partners will target U.S. middle-market companies, according to executives.
A potential offer for a stake in India’s Yes Bank will likely be determined by market prices, according to people familiar with the matter.
BUSINESS / Companies
May 6, 2025
SMFG in talks to buy minority stake in India’s Yes Bank
Japan’s aging population and slow growth have been encouraging companies to look elsewhere for expansion, leading to a surge in outbound transactions.
The office building housing the headquarters of Berkshire Hathaway in Omaha, Nebraska, on Saturday.
BUSINESS / Companies
May 4, 2025
Buffett vows long-term investment in Japanese traders
At an annual shareholders meeting of Berkshire held in Omaha, Nebraska, the same day, Buffett gave high marks to the five traders again.
A system failure at Sumitomo Mitsui Banking Corporation has made automated teller machines at some branches in the Kansai western Japan region unavailable. The cause of the failure is under investigation, and there is no prospect of when the system will be restored, the Japanese bank said.
JAPAN
Apr 29, 2025
System failure hits Sumitomo Mitsui ATMs
The cause of the failure is under investigation, and there is no timeline yet for restoring the system, the Japanese bank said.
Sumitomo Mitsui Banking plans to start structuring products such as asset-backed securities, hoping to capitalize on the growing market and strong prospects for infrastructure investments in Brazil.
BUSINESS / Companies
Apr 8, 2025
Japan’s SMBC to expand in Brazil’s local bond capital markets
The Japanese bank plans to start structuring products such as asset-backed securities, hoping to capitalize on the growing market for infrastructure investments in Brazil.
Sumitomo Mitsui Banking is in talks to provide corporate client data to Fujitsu to run through the IT company’s multimodal machine learning tools to make business forecasts.
BUSINESS / Companies
Apr 3, 2025
SMBC and Fujitsu to partner on AI-driven forecasting services
The move would be a rare instance of a Japanese bank allowing another company access to sensitive customer data.
Mitsui Sumitomo Insurance (above) and Aioi Nissay Dowa Insurance plan to merge in April 2027.
BUSINESS / Companies
Mar 28, 2025
Mitsui Sumitomo Insurance to merge with Aioi Nissay Dowa
The merger will create the biggest nonlife insurer in Japan, overtaking current industry leader Tokio Marine & Nichido Fire Insurance.
Masamichi Koike, head of global markets business at Sumitomo Mitsui Financial Group, says the Bank of Japan is likely to increase the policy rate to 1% this year as long as the U.S. economy doesn’t falter.
BUSINESS / Companies
Mar 25, 2025
Sumitomo Mitsui markets head sees BOJ rate at 30-year high
The Bank of Japan is likely to increase the policy rate to 1% this year from the current 0.5% as long as the U.S. economy doesn’t falter, said Masamichi Koike.
Sumitomo Mitsui Financial Group has decided to withdraw from the Net-Zero Banking Alliance, a spokesperson said.
BUSINESS / Companies
Mar 4, 2025
Japan’s SMFG joins Wall Street in exiting net zero banking group
Japan’s second-largest bank has decided to withdraw from the Net-Zero Banking Alliance.
Warren Buffett's plans to increase holdings in Japanese trading houses are seen as a stamp of approval for the undervalued sector.
BUSINESS / Markets
Feb 25, 2025
Buffett’s fervor for Japan trading firms sparks share rally
Buffett praised Japan’s trading firms for increasing dividends when appropriate and for being less aggressive in their executive pay than U.S. counterparts.
Japan eyes tougher rules for foreign residents and tax hike for tourists
A tax-free shop in Kyoto in April 2024. Last week, members of a Liberal Democratic Party study group drafted a proposal seeking to scrap the country's tax-free shopping system altogether.
From ridicule to redemption: Rice crisis returns Koizumi to the spotlight
Agriculture minister Shinjiro Koizumi speaks to the media as he inspects a warehouse storing stockpiled rice in Kanagawa Prefecture on May 30.
Hakuho’s departure highlights worrying sumo trend
Former <i>yokozuna</i> Hakuho performs a ring-entering ceremony at the Ryogoku Kokugikan in Tokyo in February 2020.
Trump and Musk trade barbs on social media as alliance crumbles
The trouble between U.S. President Donald Trump and Elon Musk started brewing days ago, when Musk denounced Trump's sweeping tax-cut and spending bill.
How Japan's youth are slowly changing the country's work ethic
After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
New Naoshima museum bets on Asia, not the West
Detail of Takashi Murakami, “Rakuchu-Rakugai-zu Byobu: Iwasa Matabei RIP” (2023-25)
Japan’s prison reform focuses on rehabilitation
Justice Minister Keisuke Suzuki speaks to reporters in Tokyo on Friday. Suzuki said preparations for the changes that will focus more on rehabilitation are being actively made at each correctional facility.
Six months into 2025, J-pop is having a full-on identity crisis (and a great time)
The year so far is only proving that Mrs. Green Apple is the biggest band in Japan. Their success also seems to be hinting at a change in the musical landscape more broadly.
Nintendo’s Switch 2 console is finally here
The Switch 2 is Nintendo's first new gaming console in eight years.
Hakuho’s departure highlights worrying sumo trend
Former <i>yokozuna</i> Hakuho performs a ring-entering ceremony at the Ryogoku Kokugikan in Tokyo in February 2020.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
How Japan's youth are slowly changing the country's work ethic
By Alex K.T. Martin

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