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May 01, 2024
 

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MUFG

Japan Times
BUSINESS / Companies
Apr 28, 2020
In cash-loving Japan, banks still busy despite coronavirus emergency
Elderly customers, a general lack of enthusiasm for electronic money and increased free time see high customer traffic at banks despite stay-at-home requests.
Japan Times
BUSINESS / Companies
Apr 26, 2020
MUFG Bank to cut 8,000 jobs by March 2024, up from its initial plan
MUFG Bank, the banking unit of Mitsubishi UFJ Financial Group Inc., plans to slash its domestic workforce by around 8,000 employees by March 2024, expanding on its earlier planned reduction of 6,000, a source said Sunday.
Japan Times
BUSINESS / Companies
Mar 27, 2020
Toyota requests $9 billion credit line from Japanese mega-banks SMBC and MUFG
Toyota Motor Corp. has asked two mega-banks to set up a credit line of ¥1 trillion ($9.2 billion), company sources said Friday, a move that signals the leading automaker is struggling with rising fundraising costs caused by the coronavirus outbreak.
BUSINESS
Feb 27, 2020
Bank of Japan asks major lenders about contingency plans following infection at MUFG
The rapid spread of the new coronavirus has prompted the Bank of Japan to ask major banks how prepared they are for a worsening of the outbreak, people with knowledge of the matter said.
Japan Times
JAPAN / Media / MEDIA MIX
Feb 22, 2020
Rethinking the need for personal stamps and seals in modern society
Last month, MUFG Bank Ltd. started offering ¥1,000 to each of its first 100,000 customers willing to give up their paper passbooks. MUFG wants people to switch to online banking, which is cheaper for banks — and not just because they can save on production costs. Banks pay billions of yen a year in stamp taxes, which are levied on certain official printed documents. The government will lose revenue on MUFG's plan, but it knows that Japan's banking industry has been in serious financial trouble for years.
BUSINESS / Companies
Feb 20, 2020
MUFG Bank to invest ¥80 billion in ride-hailing service Grab
MUFG Bank will form a capital and business alliance with Singapore-based ride-hailing service Grab, with the view to collaborating on retail financial services, sources have said.
BUSINESS / Companies
Feb 20, 2020
MUFG Bank launches system development and operations unit in India
MUFG Bank has set up a system development and operations wing in India, with plans to develop it into a unit that supports the bank's business across the Asian and Oceanian regions and elsewhere.
Japan Times
BUSINESS
Feb 11, 2020
Union at MUFG Bank to scrap demand for uniform pay increase
The labor union at MUFG Bank plans to scrap its current system of seeking pay scale hikes at a uniform rate for all workers in this year's shuntō labor management talks, it has been learned.
Japan Times
BUSINESS / Companies
Feb 5, 2020
MUFG just posted first quarterly loss in a decade
Mitsubishi UFJ Financial Group Inc. has posted its first quarterly loss in a decade and cut its annual profit forecast after booking a hefty charge on its stake in an Indonesian bank.
Japan Times
BUSINESS / Companies
Feb 2, 2020
Japanese firms take Brexit in stride but worry over British prospects for trade talks with EU
Japanese companies in Britain are taking the British exit from the European Union in stride, but some are wary that if Britain-EU trade talks falter, prospects for business in Europe will become uncertain.
Japan Times
BUSINESS / Companies
Jan 24, 2020
Japan's largest bank offers users ¥1,000 to give up paper passbooks and go digital
To encourage more customers to go digital, Japan's largest bank is offering depositors who give up their paper bankbooks a ¥1,000 reward.
Japan Times
BUSINESS / Companies
Jan 17, 2020
MUFG taps math expert as CEO to lead digital transformation amid Japan's negative rates
Mitsubishi UFJ Financial Group Inc. named Hironori Kamezawa as chief executive officer on Friday, turning to a math expert to help Japan's biggest bank forge a path in the digital era.
Japan Times
BUSINESS
Jan 9, 2020
Japan firms pull staff out of Iran and limit Iraq travel amid high tensions
As of Oct. 1, 2018, Japanese companies have 30 operational bases in Iran, according to the Ministry of Foreign Affairs.
Japan Times
BUSINESS / Companies
Dec 24, 2019
WeWork bailout stalls as Japan banks balk at lending Softbank $3 billion
SoftBank Group Corp.'s talks to secure $3 billion (about ¥328 billion) from the nation's three biggest banks have stalled as the lenders have hit internal lending limits to the firm, two people said, complicating a $9.5 billion rescue package for WeWork.
Japan Times
BUSINESS
Dec 16, 2019
Masayoshi Son's bankers worried about their favorite client
Masayoshi Son's bankers are taking a hard look at their most important client.
Japan Times
BUSINESS / Companies
Dec 10, 2019
Japan's banks charging more fees to cover slumping revenue
Some banks are levying more fees as a way to cover plunges in revenue, with industry leader MUFG Bank considering a maintenance charge for inactive accounts.
Japan Times
JAPAN
Dec 7, 2019
Japan's mega-banks named as world's biggest lenders for new coal plants
Japan's three biggest commercial banks are the world's top financiers of new coal plants, according to research released Thursday in Spain at the United Nations Climate Change Conference.
Japan Times
BUSINESS / Markets
Dec 4, 2019
MUFG Bank to launch smartphone payment service
MUFG Bank will set up a joint company with human resources services provider Recruit Holdings Co. to launch a smartphone-based cashless payment service, it was learned Wednesday.
Japan Times
BUSINESS / Companies
Nov 15, 2019
Japanese banks face headwinds even with current profit goals in sight
Even as the nation's biggest banks remain on course to achieve their full-year earnings goals, they are losing profit drivers.
Japan Times
JAPAN
Oct 26, 2019
Eight Japan firms among 325 lenders investing $748 billion in top nuclear weapon producers, report says
Investment is increasing as nuclear weapons states such as the United States and Russia are advancing arms expansion and developing weapons, the report's author said.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Yen rebounds strongly after first slide past ¥160 since 1990
The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
Did Japan intervene to prop up the yen? Analysts think it did.
A man walks past an electronic board displaying the exchange rate for the yen against the U.S. dollar (right) in Tokyo on Tuesday.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
Golden Week crowds greeted with high temperatures as holiday period kicks off
The departure lobby for domestic flights is crowded with travelers at Haneda Airport in Tokyo on Saturday, the first day of this year's Golden Week holidays.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.

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