National Jan 9, 2021
NTT Docomo and MUFG Bank are working on jointly offering housing loan and unsecured loan services, aiming to reach an agreement by this spring, according to the sources.
Business / Corporate Dec 25, 2020
Junichi Hanzawa, MUFG’s next banking unit chief, targets Asia for growth
by Taiga Uranaka and Yuki Hagiwara
Japan’s biggest bank has been aggressively expanding in Asia, where it has spent about $15 billion buying stakes in lenders in Indonesia, Thailand, Vietnam and the Philippines.
Business / Corporate Dec 23, 2020
Mitsubishi UFJ Financial Group Inc. plans to name MUFG Bank Managing Executive Officer Junichi Hanzawa as president and CEO of the core banking unit, sources said Tuesday. The plan means that Hanzawa, 55, will become the first managing executive officer to directly assume the post ...
Business Dec 11, 2020
Japan banks struggle to unwind last ¥4.6 trillion in cross-shareholdings
by Taiga Uranaka and Yuki Hagiwara
Having already divested trillions of yen under pressure from regulators and investors, megabanks are now down to a clutch of firms that are resistant to stake sales.
Business Nov 20, 2020
The lack of interoperability between different cashless payment applications remains a hurdle both for consumers and retailers.
Business / Financial Markets Nov 14, 2020
Japanese banks warn of tougher road ahead after solid earnings
MUFG and Mizuho raised their full-year profit targets, thanks mainly to strong results from trading and serving cash-strapped corporate clients in the six months ended Sept. 30.
Business / Corporate Nov 11, 2020
Japanese banks to hit profit goals as stimulus curtails bad loans
by Taiga Uranaka and Yuki Hagiwara
Any moderation of bad-loan charges would mirror a trend seen around the world this earnings season, after banks from Singapore to the U.S. kept defaults at bay.
Business / Corporate Oct 23, 2020
MUFG rules out more job cuts at Asia brokerage after restructuring
by Takashi Nakamichi and Takako Taniguchi
The move contrasts with those of other major banks such as Goldman Sachs Group Inc., which are resuming job cuts.
Business / Corporate Sep 29, 2020
Mizuho, Japan's first megabank, facing tough going again 20 years after launch
The group is seeking to become "a next-generation financial institution," Tatsufumi Sakai, president and group chief executive officer, has said.
Business / Financial Markets Aug 25, 2020
Japan’s biggest lender is planning to raise funds from individual investors to help smaller companies and hospitals tackle the COVID-19 pandemic. Mitsubishi UFJ Financial Group Inc. intends to issue sustainability bonds totaling as much as ¥150 billion ($1.42 billion) in September, after receiving requests from ...
Business / Corporate Aug 20, 2020
Japan banks mull cuts to transfer fees that are slowing cashless push
Interbank transfer fees haven't budged for over 40 years and the government is calling for change as payment providers are just passing on the costs to retailers.
Business Aug 14, 2020
MUFG to support Southeast Asian students in Japan amid pandemic
Mitsubishi UFJ Financial Group Inc. said Friday it will donate a total of ¥400 million to support students from Southeast Asia who are facing difficulties continuing their study in Japan due to the economic fallout from the novel coronavirus pandemic. The donations will be made ...