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Yuki Hagiwara
Japan Times
BUSINESS
Jan 27, 2020
Japanese banks' fortress mentality puts them on trailing edge of fintech revolution
Japan's effort to nudge its more than 100 struggling regional lenders into the digital age is floundering.
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 / Companies
Jul 8, 2019
Japan regional bank Concordia targets comeback abroad with Southeast Asia foray
One of Japan's biggest regional banks is resuming an expansion overseas, 20 years after the country's financial crisis forced it to retreat.
Japan Times
BUSINESS / Companies
May 27, 2019
Negative rates see Japan's regional banks move into structured finance sector
The nation's regional banks have long been relegated to the sidelines in one of the most lucrative corners of the lending market while regular loans got gradually less profitable.
Japan Times
JAPAN / Society
May 10, 2019
Happy hour is over: MUFJ bank executive takes aim at Japan's 'nominication' drinking culture
It's time to stop drinking with the boss after work.
Japan Times
BUSINESS / Economy
Apr 1, 2019
Bank of Japan should avoid pushing rates further below zero, head of lenders' association says
The new head of the nation's main banking lobby is warning the Bank of Japan against deepening negative interest rates, signaling that such a move could spur risky investment and put further pressure on lenders' profits.
Japan Times
BUSINESS / Companies
Mar 6, 2019
Mizuho's surprise $6.1 billion charge exemplifies risks for Japan banks seeking returns abroad
Mizuho Financial Group Inc. announced another round of losses Wednesday on its foreign-bond holdings as part of a surprise writedown that will severely curtail full-year profit, as Japanese banks' quest to secure yield by investing overseas continues to create turbulence.
Japan Times
BUSINESS / Companies
Mar 1, 2019
Japan's MUFG agrees to buy German lender DZ Bank's aviation finance arm for ¥710 billion
The unit acquired from Germany's second-largest bank will be one of the Mitsubishi UFJ Financial Group's biggest acquisitions since it was created in 2005.
Japan Times
BUSINESS / Companies / ANALYSIS
Dec 5, 2018
How could Carlos Ghosn possibly have hidden billions of yen from Nissan?
How could one of the world's most visible employees go about hiding billions of yen worth of salary and benefits paid to him by one of the world's biggest companies, without the company knowing it?
Japan Times
BUSINESS
Oct 19, 2018
In Japan, the growing number of dementia sufferers hold a vast pool of idle wealth
The country's growing ranks of dementia sufferers are sitting on a mountain of frozen assets, creating personal dilemmas for loved ones fretting over how to handle that money and a drag on the nation's economic prospects as the vast pool of wealth lays idle.
BUSINESS / Companies
Oct 6, 2018
Mizuho Financial Group looks to attract creative thinkers in new hiring strategy
One of Japan's biggest banks is throwing away the cookie cutter when it comes to hiring fresh graduates.
Japan Times
BUSINESS / Companies
Jul 27, 2018
Mizuho's trust banking sector sets sights on $11 trillion held by Japan's well-heeled elderly
Mizuho Financial Group Inc.'s trust banking arm has its sights set on exactly where the wealth is in Japan: the $11 trillion held by the nation's elderly.
Japan Times
BUSINESS
May 15, 2018
Regional banks fight for inheritance to ensure their survival
Where there's a will, there's a way. That's what banks across Japan are counting on as they try to keep hold of the ¥50 trillion in wealth left by their customers each year when they die.
Japan Times
BUSINESS
Apr 5, 2018
Banks rush to turn Japan cashless before legal change attracts tech giants
Japanese banks, long content to foster the nation's love for cash, are now diving into digital payments thanks to a regulatory change that threatens to usher in new rivals.
Japan Times
BUSINESS / Markets
Feb 27, 2018
Japan's financial regulation shake-up seen as a game changer for banks
The Financial Services Agency is laying the groundwork for a regulatory overhaul that could lead to a shake-up in Japan's ¥1 quadrillion banking industry.
Japan Times
BUSINESS / Companies
Dec 21, 2017
Alipay pursues Chinese tourists in hard-to-crack Japanese market
Alipay, a third-party mobile and online payment platform by Alibaba Group Holdings Ltd., is chasing Chinese tourists to Japan, where it's signing up a growing number of retailers and eyeing the long-term potential of the nation's $45 billion digital payments market.
Japan Times
BUSINESS
Nov 13, 2017
Tokyo pushes back on 'bizarre' death tax that deters expats
Considering a work stint in Japan? You'd better make it short, and you'd better stay alive.
Japan Times
JAPAN / Crime & Legal
Oct 27, 2017
MUFG brokerage manager claims paternity harassment led to unpaid leave
Glen Wood, an equity sales manager at Mitsubishi UFJ Morgan Stanley Securities Co., filed a harassment claim against the brokerage and asked a Tokyo court to order the firm to withdraw its decision to put him on unpaid leave.
Japan Times
BUSINESS
Jul 5, 2017
Strict ID checks may deter residents from visiting Japan's casinos, LDP's Iwaya says
A proposal that residents be required to give their My Number before entering a casino could severely restrict access, the leader of a ruling party panel working on plans for the Singapore-style resorts said in an interview.
Japan Times
JAPAN / Society
Jun 13, 2017
With casinos on horizon, bill to curb gambling addiction draws skepticism
A childhood New Year's holiday spent playing cards with his family planted the seeds of a gambling compulsion that ravaged decades of one man's life. Now 67, the former salesman from western Japan fell into debt time and time again as his addiction drew him to pachinko parlors, then illegal mah-jongg...

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