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November 06, 2025
 

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SUMITOMO MITSUI

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.
BUSINESS / Companies
Jul 23, 2019
Banks to extend support for struggling Japan Display
Three main credit banks for Japan Display Inc. are poised to continue supporting the struggling maker of small and midsize liquid crystal display panels, it was learned Monday.
BUSINESS / Companies
May 23, 2019
Sumitomo Mitsui Financial increases planned cuts, to the equivalent of 5,000 employees' workload
Sumitomo Mitsui Financial Group Inc. will increase planned cuts to its head count that will now reduce work done by the equivalent of nearly 5,000 employees over the three years to March 2020, it was learned Wednesday.
Japan Times
BUSINESS / Companies
May 21, 2019
Nomura's retreat again highlights how Japan's banking behemoths struggle to succeed abroad
Time and again since Japan emerged as a global economic force, its financial leaders have hatched plans to translate their influence into investment-banking clout. Time and again, they've failed.
BUSINESS / Companies
May 16, 2019
Japan's mega-banks see challenging year ahead as profit drivers wane
Japan's biggest banks have warned investors of a tough year ahead.
Japan Times
BUSINESS / Companies
Mar 24, 2018
Mega-banks to slash new hires in spring 2019 as ultralow interest rates take toll
Japan's three mega-banking groups plan to hire fewer new graduates in April 2019, it was learned Saturday.
Japan Times
BUSINESS / Companies
Nov 10, 2017
Japan's biggest banks prepare for massive downsizing and cost overhauls
Years of shrinking interest rates, demographic challenges and threats from rapidly advancing technology are finally coming to a head at Japan's biggest banks as they prepare to eliminate thousands of positions and downsize branches.
Japan Times
BUSINESS / Companies
Aug 2, 2016
Clouds lifting for Japan's banks as negative rates stay put
The Bank of Japan's decision not to drag interest rates further below zero provides relief for the nation's banks after shrinking lending profits crimped first-quarter earnings.
Japan Times
BUSINESS
Jun 9, 2016
Japanese banks enter ranks of world's biggest energy lenders
Japanese banks, known for the risk-aversion that spared them the worst of the credit crisis, have quietly grown into some of the world's largest energy lenders.
Japan Times
BUSINESS / Companies
Apr 18, 2016
Sumitomo Mitsui hires banking veteran Gelber to lead U.S. push
Sumitomo Mitsui Financial Group Inc. has formed an investment-banking group in the United States, part of a push to expand its mergers advisory business even as competitors from Nomura Holdings Inc. to Goldman Sachs Group Inc. move to curtail costs.
BUSINESS
Apr 1, 2016
Japanese banks see 'difficult' year ahead with negative rates
Negative interest rates will make next year a difficult one for Japanese lenders, and the central bank should examine the impact of the policy before pushing them further below zero, the new head of the country's banking lobby said.
BUSINESS / Companies
Mar 25, 2016
Thanks to negative rate, Japanese borrower can buy Dom Perignon after debt sale
By selling commercial paper at negative interest rates, a Japanese leasing company will get paid enough money to buy a bottle of Dom Perignon Rose Vintage 2004 if it wants.
BUSINESS
Dec 25, 2015
SMFG chief says 'cautious' approach to lending needed in slowing Asia
Sumitomo Mitsui Financial Group Inc.'s top executive said the bank needs to be cautious in its drive to boost lending in Asia, as a slowdown in China and the slump in commodity prices cloud the region's economic outlook.
BUSINESS / Companies
Aug 31, 2015
Sumitomo Mitsui zeros in on U.S. 'fintech' sector
Sumitomo Mitsui Financial Group Inc.'s credit card unit is zeroing in on investments in the U.S. financial-technology sector, as Japan plays catchup to other developed economies in electronic payments.
BUSINESS
Jul 27, 2015
Japan banks likely to report gains in fees, overseas lending: analysts
Mitsubishi UFJ Financial Group Inc. probably led a slight increase in first-quarter profit at Japan's biggest banks as gains in fee income and overseas lending made up for shrinking loan profitability at home.
BUSINESS / Companies
Jul 9, 2015
SMBC Nikko aims to hire rare experts to manage riskier bank debt
Sumitomo Mitsui Financial Group Inc. is seeking as many as six new hires for a team specializing in underwriting bonds issued by banks that would insulate taxpayers from costs if the lenders later fail.
Japan Times
BUSINESS / Markets
Jul 2, 2015
Mega-banks plan riskier bond sales up to ¥4 trillion
Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. plan to bolster their balance sheets by introducing bonds that offer investors enhanced returns at greater risk.
Japan Times
BUSINESS / Companies
Dec 25, 2014
Sumitomo Mitsui to hire foreign managers in global push
Koichi Miyata, the president of Sumitomo Mitsui Financial Group Inc., said the lender will hire more foreign managers for its overseas operations, tapping their local expertise to aid a global expansion.
BUSINESS
Dec 9, 2014
Sumitomo Mitsui reportedly to buy Citigroup's Japan bank
Sumitomo Mitsui Financial Group Inc. will announce an agreement to buy Citigroup Inc.'s Japanese consumer-banking business as soon as next week, sources with knowledge of the matter said.
The second life of Japan's net cafes
Once smoky, male-dominated spaces, today's net cafes, like Kaikatsu Club, are working to make their operations more attractive to women customers.
More Japanese universities pushing toward teaching in English
Waseda University in Tokyo
Takaichi leads first ministerial meeting on policies regarding foreign residents
Prime Minister Sanae Takaichi attends a ministerial meeting on policies regarding foreign nationals and immigration on Tuesday at the Prime Minister's Office.
Japan’s Nikkei 225 slumps 4%, led by losses in tech sector
Japan’s benchmark Nikkei stock average index briefly tumbled more than 2,000 points on Wednesday morning following a downbeat session on Wall Street fueled by fears of a bubble in the artificial intelligence sector.
A narrow Pacific waterway at heart of U.S. plans to choke China’s vast navy
Philippine and Australian troops fire an M777 howitzer during live fire exercises as part of joint military drills in Laur, Nueva Ecija, the Philippines, in August.
Takaichi’s balancing act: Supporting Taiwan and stabilizing China ties
Prime Minister Sanae Takaichi shakes hands with Lin Hsin-i, Taiwan’s presidential adviser, on the sidelines of an Asia-Pacific Economic Cooperation summit meeting in Gyeongju, South Korea, on Saturday in this image posted to Takaichi's official X account.
From 1973 to 2025: A Japanese American skater’s long ride to recognition
Judi Oyama at Winchester Skatepark in San Jose, California, in January 1979. The Skateboarding Hall of Fame inductee and Guinness World Record holder still skates and hopes to inspire older women.
More Japanese universities pushing toward teaching in English
Waseda University in Tokyo
Young Indonesians in Japan find their political voice
Indonesian students at Hiroshima University hold posters of the 17+8 Demands, demanding transparency and action from their homeland’s government.
The unstoppable rise of konbini tourism
Guests typically follow Ryo Ito’s lead as he weaves through the narrow, colorful aisles of convenience stores.

Podcast

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

Longform

Once smoky, male-dominated spaces, today's net cafes, like Kaikatsu Club, are working to make their operations more attractive to women customers.
The second life of Japan's net cafes
By Alex K.T. Martin

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