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September 27, 2024
 

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Takashi Nakamichi
Go Sugiyama, head of wealth management at Nomura Holdings
BUSINESS / Companies
Aug 28, 2024
Nomura is hiring wealth managers after years of staff overhaul
Nomura’s wealth management segment that serves domestic clients has been a consistent performer over the years.
Fukuoka Financial Group President Hisashi Goto
BUSINESS / Companies
Aug 16, 2024
Regional bank that hired JPMorgan’s Japan strategist seeks more
Fukuoka Financial Group is seeking specialists in alternative investment and equities as it faces pressure to boost returns for shareholders.
Nomura Orient International Securities, Nomura Holdings' Shanghai-based joint venture brokerage, lost 184.5 million yuan ($26 million) in 2023, marking the fourth straight year of losses since its launch.
BUSINESS / Companies
Aug 9, 2024
Nomura’s former China business head leaves after years of losses
Sun Dongqing joined Shenzhen-based East Asia Qianhai Securities this month, according to registration records.
The Nomura Securities headquarters in Tokyo. Net income tripled from a year earlier to ¥68.9 billion ($446 million) in the three months ended June 30, the company said.
BUSINESS / Companies
Jul 30, 2024
Nomura profit triples on jump in wealth management and trading
Net income tripled from a year earlier to ¥68.9 billion ($446 million) in the three months ended June 30, the company said.
Mitsubishi UFJ Financial Group CEO Hironori Kamezawa (center) and other executives bow during a news conference in Tokyo on Friday.
BUSINESS / Companies
Jul 19, 2024
MUFG heads to take pay cut after information firewall breach
21 MUFG officials, including some retired executives, will give up part of their pay after the bank was penalized for the unauthorized sharing of client information.
Brokers such as Nomura are busy handling transactions for the offloading of cross-shareholdings among Japanese companies, which bring in hefty fees.
BUSINESS / Companies
Jul 18, 2024
Block trades herald $5 billion fee windfall for Japan’s brokers
Pressure to improve corporate governance is leading firms to whittle down an estimated ¥50 trillion ($320 billion) they hold in companies with which they do business.
Traditional boat parties on the Sumida River in Tokyo are popular for informal gatherings among professionals that deal in Japanese government bonds.
BUSINESS / Markets
Jul 9, 2024
Tokyo’s exclusive circle of government bond traders in demand amid policy shift
The world’s top hedge funds are shaking up the closed community that was, for a time, a sleepy backwater of global finance.
Goldman Sachs Group has hired former Bank of Japan chief economist Akira Otani as senior Japan economic adviser and managing director.
BUSINESS / Companies
Jul 3, 2024
Goldman Sachs hires former BOJ chief economist Akira Otani
Otani has joined the Wall Street bank’s securities arm in Tokyo as senior Japan economic adviser and managing director.
A group of 14 investors filed a lawsuit Friday against Mitsubishi UFJ Morgan Stanley Securities, seeking to recover losses after Credit Suisse’s riskiest bonds sold to them turned worthless.
BUSINESS / Companies
Jun 28, 2024
MUFG unit sued again in Japan over Credit Suisse AT1 losses
The 14 plaintiffs are demanding a combined ¥1.37 billion ($8.5 million) in compensation.
MUFG Bank and two joint ventures in Mitsubishi UFJ Financial Group have been penalized for violating client confidentiality rules.
BUSINESS / Companies
Jun 24, 2024
MUFG penalized by Japan’s financial regulator for client breach
The flagship bank and joint ventures allegedly inappropriately exchanged client information at least 26 times to win business, according to a market watchdog.
Kazuto Oku, CEO of Norinchukin Bank, speaks during a news conference in Tokyo on May 22.
BUSINESS / Companies
Jun 20, 2024
Norinchukin sounds warning as higher-for-longer rates inflict losses
Signals from central banks that they are in no rush to cut rates have caught out many investors who'd been betting on more aggressive moves.
Citigroup has created a team in Tokyo catering to cross-border business needs of midsize firms in Japan.
BUSINESS / Companies
Jun 17, 2024
Citigroup starts team in Japan targeting growth at midsize firms
The team in Tokyo will offer tailored products in areas ranging from global cash management to financing.
A bank and two securities companies under Mitsubishi UFJ Financial Group could face punitive action for allegedly sharing customer information without consent, sources said.
BUSINESS / Companies
Jun 7, 2024
MUFG units could be penalized for sharing client information
MUFG Bank and the securities firms exchanged information related to clients’ mergers and acquisitions without their consent, sources say.
Nomura Holdings Chief Executive Officer Kentaro Okuda
BUSINESS / Companies
May 24, 2024
Nomura pay for top executives rises 150% as profit rebounds
Total compensation paid to the firm’s eight executive officers in the year ended March 31 rose to ¥4.46 billion.
Nomura Holdings aims to almost its double pretax profit by the end of the decade.
BUSINESS / Companies
May 14, 2024
Nomura seeks to double profit by 2030 in latest growth plan
Japan’s biggest brokerage plans to generate pretax income of more than ¥500 billion ($3.2 billion) with a focus on its key wholesale division.
Global banks are responding to increased demand for information about Japan’s companies and markets amid a resurgent stock market.
BUSINESS / Companies
Apr 12, 2024
Global banks ramp up roadshows for clients eager to bet on Japan
Foreign investors bought the most Japanese equities since 2013, last week.
Citigroup is betting that Japan’s bond market revival will gather steam after the Bank of Japan's rate hike.
BUSINESS / Markets
Apr 4, 2024
Citigroup sees ‘exciting market’ for Japan bonds after BOJ move
"Normalization has started, so we foresee a lot of activity going forward”
International bankers in Tokyo say their compensation remain a fraction of pay in other financial hubs despite booming markets in Japan.
BUSINESS / Companies
Mar 26, 2024
Bonuses at Japan's global banks underwhelm despite booming markets
Bonuses at international investment banks fell by about 10% on average in Tokyo for 2023, bankers and recruiters have said.
People feel that Japan may be getting out of deflation and there could be an economic transformation, a top regulatory official says.
BUSINESS / Economy
Mar 25, 2024
Japan seeing more interest from foreign asset managers, official says
Tokyo has inched up one position higher to 19th place in the Global Financial Centers Index.
Goldman Sachs is exiting transaction banking in Japan, less than a year after announcing plans to enter the business
BUSINESS / Companies
Mar 8, 2024
Goldman Sachs exits Japan transaction banking in sudden reversal
The bank will remain focused on growing its transaction banking operations in the U.S., U.K. and European Union, according to a spokesperson for the firm.
China fires long-range missile into Pacific Ocean in rare test
Chinese military vehicles carrying DF-41 intercontinental ballistic missiles travel past Beijing's Tiananmen Square during a military parade marking the 70th anniversary of the founding of the People's Republic of China, on Oct. 1, 2019.
Russia has a secret war drones project in China, intel sources say
Russian President Vladimir Putin visits a drone production facility of the the Special Technology Center in St. Petersburg on Sept. 19.
As Onosato dominates the spotlight, former sumo stars exit the stage
Takakeisho during a one-day tournament at Kokugikan in Tokyo in February 2020
Does Sanae Takaichi have a real shot at becoming Japan's first female leader?
Economic security minister Sanae Takaichi, a candidate in the ruling Liberal Democratic Party’s presidential election, speaks during a debate in Tokyo on Sept. 14.
How Taro Kono lost his mojo
Digital minister Taro Kono, who is contesting the Liberal Democratic Party presidential election, shows a board saying "accomplishment of reformation" during a debate in Tokyo on Sept. 14.
Does Sanae Takaichi have a real shot at becoming Japan's first female leader?
Economic security minister Sanae Takaichi, a candidate in the ruling Liberal Democratic Party’s presidential election, speaks during a debate in Tokyo on Sept. 14.
China fires long-range missile into Pacific Ocean in rare test
Chinese military vehicles carrying DF-41 intercontinental ballistic missiles travel past Beijing's Tiananmen Square during a military parade marking the 70th anniversary of the founding of the People's Republic of China, on Oct. 1, 2019.
A first look inside the new Nintendo Museum
The Nintendo Museum opens to the public on Oct. 2, but unlike the company's all-ages games, the new attraction may be geared more toward older rather than younger gamers.
People of all ages and sizes scale new heights amid climbing boom in Japan
A climbing wall at a kindergarten in Fujiyoshida, Yamanashi Prefecture. The sport has been on the rise in Japan, mainly due to the popularity it gained from the Tokyo Olympics in 2021, and new climbing walls are popping all over the place.
Why is Shigeru Ishiba so unpopular among his LDP peers?
Former Defense Minister Shigeru Ishiba reacts during a news conference ahead of the Liberal Democratic Party leadership election in Tokyo on Sept. 6.

Podcast

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

Longform

A woman passes an "akichi" (vacant lot) in Bunkyo Ward, Tokyo. The capital is littered with such small lots in part because of Japan's aging and shrinking population.
Dealing with rising land vacancies as Japan shrinks
By Alex K.T. Martin

SUSTAINABLE JAPAN

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mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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