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June 06, 2025
 

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MUFG

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.
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.
Sakana AI Chief Operating Officer Ren Ito (left) and Mitsubishi UFJ Financial Group President Hironori Kamezawa in Tokyo on Friday. The companies have entered into a ¥5 billion ($34 million) deal to automate the creation of banking documents.
BUSINESS / Companies
May 19, 2025
Sakana AI and MUFG sign agreement to automate creation of banking documents
The AI Scientist, which was originally designed for automating scientific discovery, including manuscript writing and peer review, will be used.
Net income is likely to reach ¥2 trillion ($13.7 billion) for the 12 months ending March, up 7.5% from ¥1.86 trillion in the previous fiscal year, Mitsubishi UFJ Financial Group said on Thursday.
BUSINESS / Companies
May 15, 2025
MUFG expects record profit and joins rivals in buying back shares
Net income is likely to reach ¥2 trillion for the 12 months ending March, up 7.5% from ¥1.86 trillion in the previous fiscal year.
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.
Mitsubishi UFJ Financial Group is planning to set up an online bank to lure younger customers heavily relying on smartphones.
BUSINESS / Companies
May 7, 2025
Mitsubishi UFJ to set up online bank in fiscal 2026
The major Japanese financial group aims to lure younger customers who heavily rely on smartphones.
The Otemachi Financial City Grand Cube, which houses the Mitsubishi UFJ Morgan Stanley Securities head office, in Tokyo. MUMSS has stopped selling so-called structured loans after purchases of the products by regional banks prompted a regulatory backlash.
BUSINESS / Companies
May 2, 2025
MUFG joint venture stops selling structured loans after scrutiny
It’s the first known instance of a major brokerage ending this business in what was a booming market.
The Government Pension Investment Fund will have Kazuto Uchida, a former Mitsubishi UFJ Financial Group economist, as its new head on April 1.
BUSINESS / Economy
Mar 25, 2025
Japan names former MUFG economist to lead huge pension fund
Bond market veteran Kazuto Uchida will take over from current President Masataka Miyazono on April 1 for a five-year term to manage one of the world’s largest pension funds.
Mitsubishi UFJ Financial Group has walked away from the banking industry’s largest climate alliance.
BUSINESS / Companies
Mar 20, 2025
MUFG leaves climate group as Japanese banks join Wall Street exits
MUFG follows Tokyo-based rivals Nomura Holdings and Sumitomo Mitsui Financial Group in leaving the Net-Zero Banking Alliance.
A former employee of Mizuho Bank's Hiroo branch in Tokyo stole money from the safe deposit boxes of two clients between January 2016 and June 2019, according to the bank.
JAPAN / Crime & Legal
Feb 27, 2025
Mizuho Bank confirms ¥66 million stolen from safe deposit boxes
A former employee stole the money from two clients' safe deposit boxes between January 2016 and June 2019.
Major Japanese banks are tightening controls on the management of safe-deposit boxes after a string of thefts involving bank employees rocked public confidence.
BUSINESS / Companies
Feb 24, 2025
Japanese banks to rethink security measures for safe-deposit boxes
A string of thefts involving bank employees have intensified scrutiny of a segment already grappling with weak demand and thin margins.
MUFG Bank President Junichi Hanzawa bows in apology in Tokyo on Jan. 17 following alleged massive thefts of customer assets by a former employee.
JAPAN / Crime & Legal
Feb 5, 2025
Ex-MUFG bank worker paid interest to pawnshops to keep gold available to her
The bank worker is suspected of depositing in several pawnshops gold ingots worth several hundred million yen that she had stolen.
MUFG virtually reached its full-year profit goal with a quarter to spare, earning a record ¥1.749 trillion in the first nine months.
BUSINESS / Companies
Feb 4, 2025
MUFG profit soars in bumper earnings season for Japan banks
Japanese banks are benefiting from rising interest rates following more than a decade of ultra-easy monetary policy.
Mizuho Bank is the first to have stopped accepting new safe deposit box customers among the country's three megabanks.
BUSINESS / Companies
Jan 19, 2025
Mizuho stops accepting new safe deposit box applications
The major Japanese bank took the step at all outlets around the country.
MUFG Bank's Nerima branch in Tokyo, where a former employee allegedly stole customer assets from safe deposit boxes
JAPAN
Jan 16, 2025
MUFG Bank punishes execs over customer asset thefts
President Junichi Hanzawa will take a 30% cut in monthly pay for three months.
Former MUFG Bank employee Yukari Imamura, a suspect in the theft of gold ingots worth ¥260 million, leaves the Nerima Police Station in Tokyo on Wednesday.
JAPAN / Crime & Legal
Jan 15, 2025
Ex-MUFG Bank employee arrested over theft of 20 kg gold deposits
At least 60 clients have been victims of the safe deposit box thefts, with the total damage expected to exceed ¥1 billion.
MUFG Bank CEO Junichi Hanzawa (left) and other senior officials bow in apology at a news conference in Tokyo's Chiyoda Ward on Monday.
JAPAN / Crime & Legal
Dec 16, 2024
MUFG Bank apologizes for theft of ¥1 billion in valuables from deposit boxes
The manager accused of the thefts allegedly used backup keys to access the boxes.
Mitsubishi UFJ, Mizuho and Sumitomo Mitsui are enjoying record earnings and they are determined to fund overseas expansion.
BUSINESS / Companies
Dec 10, 2024
Japan's megabanks are flush with cash and hunting overseas deals
The primary focus is on the U.S. and India, respectively the world’s largest economy and the fastest-growing.
Mitsubishi UFJ Financial Group took a 15% stake in WealthNavi earlier this year.
BUSINESS / Companies
Nov 29, 2024
MUFG considering bid for Japanese robo-adviser WealthNavi
MUFG took a 15% stake in WealthNavi earlier this year
The Adani Group headquarters in Ahmedabad, India
BUSINESS / Companies
Nov 29, 2024
Japanese banks stick with Adani as Jefferies and Barclays review ties
Gautam Adani and others have been charged with plotting a $250 million scheme to bribe India government officials to win solar energy contracts.
Japan’s fertility rate hits record low despite government push
The total number of births dropped to about 686,000, marking the first time the figure has fallen below 700,000, according to a health ministry release on Wednesday.
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.
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.
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.
Is Japan ready to say goodbye to tax-free shopping?
Arrows lead to the tax-free counter at a branch of discount retailer Don Quijote in Tokyo's Shibuya Ward.
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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