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March 29, 2025
 

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BANKS

Three Japanese banks are teaming up to combat the enduring challenge of a dwindling population.
JAPAN
Mar 28, 2025
Three Japanese banks form alliance to fight population slump
Shizuoka Bank, Hachijuni Bank and Yamanashi Chuo Bank will work together to draw outside talent and funding into central Japan.
Among the proposals by the Financial Services Agency include removing cash and other items that have a high risk of being used for money laundering from a list of items that can be kept in safe deposit boxes.
JAPAN / Crime & Legal
Mar 28, 2025
Japanese regulators seek stricter rules on safe deposit boxes
The Financial Services Agency is proposing, among others, barring the storage of cash and other items with high risk of being used for money laundering.
Masuo Fukuda, head of Citigroup’s investment banking business in Tokyo, says the hiring in Tokyo started in December targeting various levels of bankers.
BUSINESS / Companies
Mar 27, 2025
Citigroup hiring dealmakers in Japan with fee pool seen reviving
The Wall Street firm is expanding its investment banking team in Japan as it bets the country’s deal fee pool will finally rebound.
Currently, banks voluntarily set the upper limit on cash withdrawals from ATMs at ¥500,000 per day, with no legal regulations.
JAPAN
Mar 25, 2025
Japan eyes ¥300,000 limit on daily ATM use for elderly
Currently, banks voluntarily set the upper limit on cash withdrawals from ATMs at ¥500,000 per day, with no legal regulations.
Katsunori Tanaka, an ex-Goldman Sachs analyst who now heads hedge fund Ariake Capital, is betting big on Japan's smaller regional banks.
BUSINESS / Companies
Mar 25, 2025
Ex-Goldman analyst’s hedge fund reaps 300% returns on small Japan banks
Katsunori Tanaka spent years at Goldman Sachs scrutinizing Japan’s biggest banks. Now at Ariake Capital, he obsesses over much smaller regional lenders.
A worker arranges cases of avocados at a packaging facility in Mexico on Tuesday. U.S. President Donald Trump has said he will follow through next month on twice-delayed plans to impose 25% levies on goods from Mexico as well as Canada.
BUSINESS / Economy
Mar 21, 2025
Trump trade upheaval leaves foreign central banks guessing
The stagflationary direction noted of the U.S. outlook has central banks across the globe parsing what the fallout may mean for them.
Mitsubishi UFJ Financial Group has walked away from the banking industry’s largest climate alliance.
BUSINESS / Companies
Mar 20, 2025
MUFG leaves climate group as Japanese banks join Wall Street exits
MUFG follows Tokyo-based rivals Nomura Holdings and Sumitomo Mitsui Financial Group in leaving the Net-Zero Banking Alliance.
The Japanese postal mark displayed on a Japan Post post box in Tokyo
JAPAN
Mar 18, 2025
Number of Japan Post clients affected by misuse of information rises to 10 million
"We deeply apologize for causing anxiety and worry," Japan Post Holdings Managing Executive Officer Miho Ichiki told a news conference.
One year on from the Bank of Japan's historic rate hike, the biggest winners are the banks.
BUSINESS / Economy
Mar 17, 2025
Banks boom and shoppers scrimp a year after Japan’s rate pivot
Higher borrowing costs are also fueling a political battle over how the government can rein in its outlays.
Nomura Holdings is withdrawing from the Net-Zero Banking Alliance.
BUSINESS / Companies
Mar 13, 2025
Nomura exits bank climate group, joining Wall Street exodus
Nomura said it will stick to its target set four years ago, to deploy $125 billion of sustainable financing through March 2026.
Nomura Holdings and Japan's other big brokers are having second thoughts about selling so-called structured loans to regional lenders.
BUSINESS / Economy
Mar 11, 2025
Japan brokers rethink repackaged JGBs after regulator warning
There are concerns that buyers might lack proper risk management for the product and could suffer mounting losses if market interest rates move against them.
Bank of America CEO Brian Moynihan
BUSINESS / Companies
Mar 7, 2025
Bank of America CEO willing to hire in Japan amid revival
The bank, based in Charlotte, North Carolina, has about 800 employees in Japan.
Kanagawa Prefectural Police have arrested a former deputy manager at Hana Credit Union’s Yokohama branch on suspicion of stealing ¥619 million in cash from the branch's safe deposit boxes.
JAPAN / Crime & Legal
Mar 5, 2025
Hana Credit Union employee arrested on suspicion of safe deposit box theft
The suspect admitted to the allegations, telling police he used the stolen money to pay off debts and gamble.
Sumitomo Mitsui Financial Group has decided to withdraw from the Net-Zero Banking Alliance, a spokesperson said.
BUSINESS / Companies
Mar 4, 2025
Japan’s SMFG joins Wall Street in exiting net zero banking group
Japan’s second-largest bank has decided to withdraw from the Net-Zero Banking Alliance.
Fujitsu says it plans to stop manufacturing ATMs, which it started selling in 1977.
BUSINESS / Companies
Mar 2, 2025
Fujitsu to withdraw from ATM production
The electronics company started selling ATMs in 1977.
Toshinori Yashiki, director-general of the Financial Services Agency’s strategy development and management bureau, speaks during an interview on Thursday.
BUSINESS / Economy
Feb 28, 2025
Japan to crack down on booming market for JGB-backed loans
The Financial Services Agency will scrutinize banks that have increased purchases of Japanese government bonds that are repackaged into loans over the past year.
A former employee of Mizuho Bank's Hiroo branch in Tokyo stole money from the safe deposit boxes of two clients between January 2016 and June 2019, according to the bank.
JAPAN / Crime & Legal
Feb 27, 2025
Mizuho Bank confirms ¥66 million stolen from safe deposit boxes
A former employee stole the money from two clients' safe deposit boxes between January 2016 and June 2019.
There’s keen interest in the market on whether Japan’s regional banks will pour back into benchmark 10-year notes, whose yields jumped to the highest levels since 2009 in Tokyo trading on Friday.
BUSINESS / Companies
Feb 25, 2025
One of Japan's top regional banks holds JGB buying on bet rates to climb
There’s keen interest in the market on whether Japan’s regional banks will pour back into benchmark 10-year notes.
Major Japanese banks are tightening controls on the management of safe-deposit boxes after a string of thefts involving bank employees rocked public confidence.
BUSINESS / Companies
Feb 24, 2025
Japanese banks to rethink security measures for safe-deposit boxes
A string of thefts involving bank employees have intensified scrutiny of a segment already grappling with weak demand and thin margins.
Norinchukin Bank Chief Executive Officer Kazuto Oku
BUSINESS / Companies
Feb 19, 2025
Norinchukin CEO plans to resign after massive bond losses
Norinchukin reported wider losses this month as it boosted investments in riskier leveraged loans and sought additional capital.
Japan considers all possible options as Trump threatens new auto tariffs
Subaru cars awaiting export at a port in Yokohama on Thursday.
Massive quake kills at least 150 in Myanmar and Thailand
Medical workers treat a earthquake survivor on a bed in the compound of a hospital in Naypyitaw on Friday, after an earthquake in central Myanmar.
Tokyo police seek public's help on Setagaya family murder 24 years ago
Police seek information from the public on a high-profile murder case, in Setagaya Ward, Tokyo, on Saturday
Student suicides in Japan hit all-time high
A volunteer handles an incoming call at the Tokyo Befrienders call center, a suicide hotline center in Japan's capital.
Copyright questions loom as ChatGPT's Ghibli-style images go viral
A screenshot of OpenAI CEO Sam Altman's Ghibli-style profile picture on X
Recent spate of wildfires in Japan and South Korea linked to climate change
Smoke and flames rise from a wildfire in Andong, South Korea, on Tuesday.
Hanami season to have record ¥1.39 trillion economic impact on Japan
Cherry blossoms along a road in Tokyo on Tuesday. The 2025 cherry blossom season is expected to have an economic impact of around ¥1.39 trillion on Japan.
Tokyo Series proves to be big business for MLB — and Japanese companies
An advertisement featuring Shohei Ohtani in Tokyo.
New SDF command will be key for contingency planning, Australian commander says
A Maritime Self-Defense Force SH-60K "Super Auk" from JS Shiranui prepares to land on HMAS Brisbane during Exercise Malabar 2023 while off the coast of New South Wales, Australia.
Japanese wages likely to rise more than 5% again this year
Wages are set for another big increase this year as annual negotiations secure generous agreements.

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