Business Jul 9, 2019

Japan grants certification for first time to 'information banks'

The Information Technology Federation of Japan has certified FeliCa Pocket Marketing Inc. and Sumitomo Mitsui Trust Bank as "information banks" to allow companies to use personal data for business purposes. The certification, announced Monday, is the first of its kind. It is based on a ...

Business / Corporate Sep 6, 2016

Sumitomo 'liquidating Japan hedge fund' as clients pull out

Sumitomo Mitsui Trust Holdings Inc. is liquidating a Japan-focused hedge fund after investors withdrew money following poor performance, according to people familiar with the matter, adding to the list of casualties as the industry suffers its biggest outflows since 2009. The firm's asset-management unit is ...