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May 22, 2025
 

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SUMITOMO MITSUI

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.
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.
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.
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.
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.
The Securities and Exchange Surveillance Commission has raided locations related to a former Sumitomo Mitsui Trust Bank division manager on suspicion of violating the financial instruments and exchange law.
JAPAN / Crime & Legal
Feb 6, 2025
Sumitomo Mitsui Trust Bank worker's insider trading likely lasted years
The Securities and Exchange Surveillance Commission has raided locations related to the former employee.
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.
Japanese banks are enjoying bumper earnings as they begin to benefit from rising interest rates following more than a decade of ultraeasy monetary policy.
BUSINESS
Jan 30, 2025
Sumitomo Mitsui profit beats estimates as rate hikes bolster earnings
Net income at Japan’s second-largest bank rose 54% from a year earlier to ¥410.8 billion for the three months ended Dec. 31, calculations show.
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.
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.
Mizuho Financial CEO Masahiro Kihara during a news conference in Tokyo on Nov. 14
BUSINESS / Companies
Nov 14, 2024
Japan’s biggest banks raise profit goals, unveil buybacks
Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group now project a combined ¥3.7 trillion ($24 billion) in profit this fiscal year.
Four Japanese private-sector banks including MUFG Bank will participate in an international demonstration test for cross-border payments using digital currencies led by the Bank for International Settlements.
BUSINESS
Sep 23, 2024
Four Japanese banks participate in digital currency project
MUFG Bank, Sumitomo Mitsui Banking, Mizuho Bank and SBI Shinsei Bank will participate in the project.
Shinjiro Koizumi takes farm ministry reins after predecessor's rice gaffe
Agriculture minister Taku Eto (left), who resigned on Wednesday, and former Environment Minister Shinjiro Koizumi
Nissan’s troubles might go all the way back to Ghosn 
A lot at a Nissan plant in Mexico. The company may have overextended itself during the Ghosn era.
Japan confirms hard-line position ahead of possible tariff talks in Washington
Ryosei Akazawa, Japan’s chief tariff negotiator, at a news conference on Tuesday. He said that when Japan states it wants the tariffs reviewed, it means Tokyo wants them removed.
Tokyo to cover cost of base service fees for water utilities through summer
The Tokyo Metropolitan Government is looking to make the cost of base service fees in water utility bills free during the summer, hoping the financial support will allow residents to turn on their air conditioners and protect themselves against heatstroke.
Trump’s wake-up call for India’s foreign policy
Indian Prime Minister Narendra Modi meets with U.S. President Donald Trump at the White House on Feb. 13. Trump’s coercive use of trade threats against India during the Pakistan military crisis has undermined trust in the U.S.-India partnership and exposed Washington as an unreliable security ally.
Nippon Ishin grapples with poor governance ahead of Upper House election
Nippon Ishin no Kai co-leader Seiji Maehara speaks to reporters in Tokyo on Friday.
Beware of dubious websites offering cheap rice, consumer watchdog warns
Questionable websites appear to be taking advantage of consumers looking for cheaper rice online amid the high prices of the staple grain in the nation.
Onosato’s march to yokozuna could usher in golden age for sumo
Onosato (left) battles Gonoyama on Day 6 of the Summer Basho. With Onosato on the cusp of promotion to yokozuna, there could soon be two titans at the top of the sport fighting for titles.
A window into the mind of Esperantist and political activist Teru Hasegawa
Teru Hasegawa, Esperanto name Verda Majo, wrote leftist political essays during WWII.

Podcast

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

Longform

A sinkhole in Yashio, which emerged in January, was triggered by a ruptured, aging sewer pipe. Authorities worry that similar sections of infrastructure across the country are also at risk of corrosion.
That sinking feeling: Japan’s aging sewers are an infrastructure time bomb
By Alex K.T. Martin

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