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August 15, 2024
 

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BANK

A drone view of Neve Daniel, a Jewish settlement in the Israeli-occupied West Bank, on March 12
WORLD
Jul 22, 2024
Israeli settlers court Republican religious right after Hamas attacks
While Donald Trump has suggested U.S. policy could change, neither he nor the Republican Party have been explicit about their position toward a Palestinian state.
Hiroshi Matano, executive vice president of the World Bank Group's Multilateral Investment Guarantee Agency, during an interview in Washington on Tuesday.
BUSINESS / Economy
Jul 8, 2024
World Bank official backs Japan to show regional climate leadership
There is significant room for emissions reductions in the Asia-Pacific region.
MUFG has been seeking to build its presence in India, and has been involved in negotiations for a minority stake in HDFC Bank’s consumer lending unit.
BUSINESS
Jul 3, 2024
MUFG's talks for stake in India consumer lender said to hit snag
MUFG has been seeking to build its presence in India.
The Otemachi One Tower building, which houses the Norinchukin Bank head office, in Tokyo.
BUSINESS / Companies
Jul 2, 2024
Norinchukin is at risk of downgrade by Moody’s on bond losses
The unlisted agricultural bank warned last month that it may incur losses of ¥1.5 trillion ($9.3 billion) this fiscal year.
Japan Post Bank will expand investment into long-term government bonds to take advantage of rising yields.
BUSINESS / Companies
Jun 20, 2024
Japan Post Bank to buy more bonds in light of BOJ taper plan
Japan Post Bank has ramped up investment in JGBs with the balance of holdings totaling ¥5.15 trillion as of March, expanding 1.5-fold from levels in December last year.
Jimoto Holdings' general shareholders meeting in Sendai on Thursday
BUSINESS / Companies
Jun 20, 2024
Regional banking group Jimoto comes under effective state control
A net loss for the group was mainly due to the deterioration of business at Kirayaka Bank, a second-tier regional bank based in Yamagata Prefecture.
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.
Expecting that the Palestinian Authority implement reforms, build institutions, reconstruct Gaza and police its people while Israel withholds its main source of finance is unfair and unrealistic.
COMMENTARY / World
Jun 17, 2024
Palestine's fiscal demise
The G7 and other powerful countries should help the Palestinian economy tap into international financial assistance like any other developing country.
A rohingya refugee child from Myanmar walks along the road in the evening at Balukhali camp in Cox’s Bazar, Bangladesh, in 2018.
ASIA PACIFIC
Jun 12, 2024
Myanmar poverty deepens, economic growth stagnant, World Bank says
The ongoing civil war in Myanmar has displaced over 3 million people and raised poverty rates to 32.1%, reverting to 2015 levels.
The Two International Finance Center, left, and other buildings in Hong Kong in May 2021
BUSINESS / Markets
Jun 5, 2024
Chinese move billions into Hong Kong banks, seeking higher yields
Regulators in Beijing have clamped down on high-yielding wealth management products onshore, while sinking real-estate prices have sapped nest eggs across China.
Kazuto Oku, CEO of Norinchukin Bank, during a news conference in Tokyo on Wednesday
BUSINESS / Companies
May 23, 2024
Failed bond bets at Norinchukin force it to change strategy
Given its ownership structure, there are limits on the bank’s investment options.
Norinchukin Bank is one of Japan’s largest institutional investors with a ¥55.9 trillion ($357 billion) securities portfolio, and bonds make up more than half of its investments.
BUSINESS / Companies
May 21, 2024
Norinchukin weighs $7.7 billion fundraise to cover bond loss
As a result of restructuring its securities portfolio, the Tokyo-based bank may book about ¥500 billion in losses for the current fiscal year, one source said.
A Towa Bank employee's suicide in 2017 has been recognized as a work-related accident.
JAPAN / Society
May 8, 2024
Towa Bank employee suicide linked to overwork and harassment
Findings from the Labor Standards Inspection Office showed the man was under extreme stress due to unmanageable work pressures.
Claudio de Sanctis, head of private bank at Deutsche Bank AG, during an interview in Singapore, on April 18
BUSINESS / Companies
May 3, 2024
Deutsche Bank unveils wealth targets after hiring push in Asia
Private banks are turning to the Middle East and Southeast Asia amid China's property crisis and a downturn in capital-market activity in Hong Kong.
Israeli soldiers in the Gaza Strip in March
WORLD / Politics
Apr 30, 2024
U.S. implicates five Israeli units in rights violations before Gaza war
The incidents in question took place in October outside of Gaza before conflict broke out between Israel and Hamas.
Delegates meet for the Development Committee Plenary during the World Bank and IMF 2024 Spring Meetings in Washington on Friday.
COMMENTARY / World
Apr 24, 2024
Negotiating a bigger, better World Bank
Recent changes at the global lender are important steps toward making the World Bank’s financial model fit for “ending poverty on a livable planet.”
The problem many developing countries have in repaying their debts might be even bigger than the world realizes, as many sovereign debts are hidden.
COMMENTARY / World
Apr 10, 2024
Tackling the world’s hidden debt problem
Low-income countries are struggling to repay their debts. Better transparency and accounting systems could help them tackle this challenge.
Instead of entering its recent operating loss as negative retained earnings, the European Central Bank treated it as a positive asset on its balance sheet, which is being criticized as misleading.
COMMENTARY / World
Mar 28, 2024
Central banks need to be more transparent about losses
The ECB, Fed and other central banks would do well to abandon financial machinations, work out recapitalization agreements and prepare for large losses.
The world needs to avoid the mistakes and pitfalls that go with providing debt relief and should craft sustainable solutions for financially distressed nations. 
COMMENTARY / World
Mar 1, 2024
Developing countries’ never-ending debt crisis
Creditors have a role in resolving debt crises. This means all eyes are on China, which is the single most important creditor for debt distress.
Gunma Bank's video message in English is geared toward those from overseas who are flocking to Japan to buy up stocks, bonds and real estate as the nation’s assets emerge from decades of slumber.
BUSINESS / Companies
Feb 22, 2024
English video shows Japanese regional banks opening up to overseas investors
Foreigners are flocking to Japan to buy up stocks, bonds and real estate as the nation’s assets emerge from decades of slumber.
Japan to revise consumption tax exemption for overseas tourists
Tourists walk through Nakamise shopping street near Sensoji Temple in Tokyo in April
Japan's tourism industry hit by cancellations after megaquake alert
A beach closed due to a megaquake alert in Hiratsuka, Kanagawa Prefecture, from Friday to Thursday.
Focus shifts to incoming typhoon as Tropical Storm Maria dissipates
Newly formed Tropical Storm Ampil, which is forecast to approach eastern Japan this weekend, is seen on the left side of this satellite image.
Kishida to step down in September in bid to show ‘LDP has changed’
Prime Minister Fumio Kishida speaks during a news conference Wednesday at the Prime Minister's Office in Tokyo.
Kishida's out. Who will likely be Japan's next leader?
Digital minister Taro Kono (left), Liberal Democratic Party Secretary-General Toshimitsu Motegi (center) and former Defense Minister Shigeru Ishiba are among the potential candidates for the ruling party's presidential election next month.
Economic security is about strengthening and sustaining growth, former minister says
Former economic security minister Takayuki Kobayashi says changes in the international balance of power, along with deepening economic interdependence, have led some countries to attempt to use their economic power to impose their will on others.
Ice bandanas, convenience store breaks: Running under Japan’s summer sun
Blistering heat is becoming a fixture of summer in Japan, but a few tweaks to your routine can make your outdoor runs bearable — if not enjoyable — until cooler temperatures return.
Japan issued its first-ever megaquake alert. What does that mean?
Naoshi Hirata (center), chairman of a committee tasked with evaluating the risk of a Nankai Trough earthquake, speaks at a news conference in Tokyo on Friday.
France brings down the curtain on its Olympic party with Tom Cruise and Leon Marchand
Fireworks are set off during the closing ceremony of the 2024 Paris Olympics at Stade de France in Saint-Denis on Sunday.
Japan fuels U.S. LNG boom even as climate targets and impacts loom
Flaring at the Cameron LNG export terminal in Hackberry, Louisiana. Flaring, a common sight at LNG plants, is a controlled burning of gas for reasons ranging from depressurizing equipment to disposing of gas that can’t be used. The practice is a "waste of money" and negatively impacts climate change and human health, says the International Energy Agency.

Podcast

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

Longform

Sociologist Gracia Liu-Farrer argues that even though immigration doesn't figure into Japan's autobiography, it is more of a self-perception than a reality.
In search of the ‘Japanese dream’
By Thu-Huong Ha

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mission sustainability vol.8: Omron Corp.Omron helping firms achieve carbon neutrality

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