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May 16, 2025
 

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SUMITOMO MITSUI

Japan Times
BUSINESS / Economy
Jul 1, 2021
Japan bank head says transition funds are critical for climate
Helping big polluters transform into greener enterprises is one of the biggest challenges facing domestic banks, says Makoto Takashima, chairman of the Japanese Bankers Association.
Japan Times
BUSINESS / Companies
Mar 1, 2021
Little-known fees help Japan's trust banks dominate profitable niche market
Insiders say an 'industry custom' of termination fees keeps profitable business in the hands of a few big trust banks because newcomers balk at the cost.
Japan Times
BUSINESS / Companies
Dec 22, 2020
Sumitomo Mitsui on hunt for Asian lender and U.S. partner for deals
The plans underscore how the bank is looking beyond the current dip to grow abroad, with low interest rates and a graying population hampering prospects at home.
Japan Times
BUSINESS
Dec 11, 2020
Japan banks struggle to unwind last ¥4.6 trillion in cross-shareholdings
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.
Japan Times
BUSINESS / Companies
Nov 26, 2020
Pandemic and internet banking push Japan’s lenders to revamp branches
Withdrawing or transferring cash through a bank teller could completely disappear in Japan within a few years as banks adapt branches for the digital age.
Japan Times
BUSINESS / 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.
Japan Times
BUSINESS / Companies
Nov 11, 2020
Japanese banks to hit profit goals as stimulus curtails bad loans
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.
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
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 / 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 / Economy
Dec 6, 2019
Japan bank Sumitomo Mitsui says it takes more than changing dress code to shake things up
Japan's second-largest bank wants to change the mindset of its staff.
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.
Success of Chinese-made fighter jets against India raises alarm in Asia
Chinese J-10 fighter jets from the People's Liberation Army Air Force August 1st Aerobatics Team perform during a media demonstration at the Korat Royal Thai Air Force Base, Nakhon Ratchasima province, Thailand, in November 2015.
Japan to recognize Taiwan as place of origin in family registration system
Masataka Yuhara, secretary-general of the Friends of Lee Teng Hui Association in Japan, which has been calling for "Taiwan" to be permitted as a place of origin in family registers.
Rich Japanese still fear yen crash, wealth manager says
The yen slumped more than 2% on Monday alone, nearing ¥150 to the dollar, after the U.S. and China temporarily lowered tariffs, triggering a reversal of bearish dollar bets.
Japanese retailers turn to California rice for cheaper alternative
U.S. Ambassador to Japan George Glass eats California rice at the U.S. Embassy in Tokyo on Tuesday along with Mitsuko Tsuchiya, vice president of retailer Aeon.
Japanese automakers looking at a ¥1 trillion hit from Trump tariffs 
Cars on display at Nissan's headquarters in Yokohama on Tuesday. The automaker posted a massive annual net loss and confirmed that it plans to cut thousands of jobs worldwide.
For his first feature film, director Ryuya Suzuki created a masterpiece
"Jinsei," which follows its protagonist over a century, probes themes of identity and societal issues with a dark comic touch. The director, however, says he created the story without knowing where it would lead.
Historian Rob Fitts discovers earliest ever reference to baseball in Japan
Japan's Shohei Ohtani carries the Japanese flag onto the field before the start of the World Baseball Classic final against the United States in Miami on March 21, 2023.
Japanese retailers turn to California rice for cheaper alternative
U.S. Ambassador to Japan George Glass eats California rice at the U.S. Embassy in Tokyo on Tuesday along with Mitsuko Tsuchiya, vice president of retailer Aeon.
Harmfully hot days for pregnant women in Japan nearly doubled over past five years
New research by a U.S. climate scientists’ group reveals that extreme heat has increased the risks of preterm births and other pregnancy complications in Japan, nearly doubling the number of days that are harmfully hot for pregnant women over the past five years.
Sumo title contenders already emerging in early stages of Tokyo meet
Onosato (left) battles Abi on Day 3 of the Summer Basho in Tokyo on Tuesday.

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Tsukuba massif granite, one of the world’s few heritage stones
Tsukuba massif granite, one of the world’s few heritage stones

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