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November 25, 2024
 

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BANKS

As if moving isn't stressful enough, Japan requires a host of paperwork to accompany your switch to a new apartment — a process that may get a little simpler in the near future.
LIFE / Lifestyle
Aug 16, 2024
Online banking consortium to slash the busywork of moving in Japan
The free service is expected to launch in February 2025, with even more functions available online by 2026.
Bears think the best days for bank shares may be over, but for investors who are worried the yen may have further room to gain, bank shares have the additional benefit of having limited exposure to foreign-exchange fluctuations.
BUSINESS / Markets
Aug 7, 2024
Massive losses set stage for big rebound in Japan’s bank stocks
In the first three days of August, the Topix Banks index lost 26.5%, more than the 20.3% fall in the broader Topix index.
Japan's personal mortgages are set to rise for the first time in a generation following the Bank of Japan's rate hike.
BUSINESS / Economy
Aug 1, 2024
Japan’s ultralow mortgages to see first increase in 17 years
Mitsubishi UFJ Financial Group said it plans to increase the short-term prime rate for the first time in 17 years in September.
With the Bank of Japan seen raising rates this year, there are heightened expectations that banks’ profitability will improve.
BUSINESS / Companies
Jul 26, 2024
Expectations high for Japan’s bank results to spur stock rally
Japanese lenders are set to report quarterly results that for the first time fully reflect the end of negative rates next week.
Toyota's plan to buy back shares from major banks and insurers is part of a broader push to unwind strategic shareholdings with financial partners.
BUSINESS / Companies
Jul 23, 2024
Toyota to buy back stock worth $5.2 billion from banks and insurers
Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Tokio Marine Holdings and MS&AD Insurance Group Holdings are tendering shares at an 11% discount.
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.
Keisuke Mukunashi, CEO of Yamaguchi Financial Group, says the regional bank is ready to pay compensation comparable to that of Japan’s biggest banks.
BUSINESS / Companies
Jul 14, 2024
Regional Japan lender dangles megabank pay for market hires
Competition among financial institutions to hire bond traders and other specialists is intensifying as the Bank of Japan nudges interest rates higher.
The National Police Agency's National Cyber Unit has arrested a man who is believed to be the mastermind behind a group involved in fraudulent transfers exceeding ¥120 million.
JAPAN / Crime & Legal
Jul 10, 2024
Japan's National Cyber Unit makes first arrest
The suspect, Yohei Yano, is believed to be the mastermind behind a group involved in fraudulent transfers exceeding ¥120 million.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Jul 10, 2024
Japan’s megabanks are said to seek deep cuts to BOJ bond buying
The bank’s ¥585 trillion bond stockpile exceeds the world’s fourth-largest economy, making bond players watchful for the BOJ’s next move.
Nintendo is among the big name companies in which Kyoto Financial Group has cross-held shares.
BUSINESS / Companies
Jul 9, 2024
Kyoto bank defies call to unwind holdings after $6-billion gain
Kyoto Financial Group has amassed unrealized profits of more than $6 billion on holdings in other firms.
An MUFG Bank employee allegedly leaked insider information to relatives about a client company.
BUSINESS / Companies
Jul 9, 2024
MUFG bank worker suspected of leaking undisclosed client info
The securities market watchdog suspects the employee of violating financial laws by giving relatives undisclosed information about a client company.
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.
Police examine a cash transport vehicle (left) outside a local bank branch in Kodaira, Tokyo, in October 2001.
JAPAN / Crime & Legal
Jul 9, 2024
Iranian man arrested over 2001 Tokyo cash truck attack
The suspect is accused of firing three shots on Oct. 3, 2001, breaking a security guard's leg and stealing six bags with ¥102.2 million in cash.
Rapidus, which aims to produce next-generation chips domestically, is building a factory in Hokkaido.
BUSINESS / Companies
Jul 8, 2024
Japanese banks gear up lending for chip-related industries
Lenders have set up specialized teams and are collaborating with regional rivals to aid sectors that might benefit from the emergence of chip factories.
The People's Bank of China building in Beijing on May 29
BUSINESS / Markets
Jul 5, 2024
China's central bank readies bonds to sell by tapping major banks
The bank said it has hundreds of billions of yuan worth of medium- and long-term bonds at its disposal to borrow.
Financial groups will sell Honda Motor shares worth ¥535 billion to unwind cross-shareholdings, according to a regulatory filing.
BUSINESS
Jul 4, 2024
Insurers and banks to sell Honda shares worth $3.3 billion, filing shows
The move offers a sign that the unwinding of cross-shareholdings is catching pace in Japan.
A man holds new 10,000 yen bills at a Saitama Resona Bank branch in Saitama Prefecture on Wednesday.
JAPAN
Jul 4, 2024
People flock to get new banknotes in areas linked to new bills
The ¥10,000, ¥5,000 and ¥1,000 notes have been redesigned for the first time in 20 years.
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.
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.
Mizuho Financial Group is seeking to develop its business in Europe, the Middle East and Africa.
BUSINESS / Companies
Jul 3, 2024
Mizuho hires ex-OTPP executive Karen Frank as senior adviser for EMEA business
Her appointment will likely be announced in the coming days, sources said, asking not to be identified discussing confidential information.
Taiwan stuns Samurai Japan to capture Premier12 title
Japan starter Shosei Togo reacts after allowing a three-run home run against Taiwan in the fifth inning of the Premier12 final on Sunday.
Woman dies after train collides with car in Tochigi
A Moka Railway train car
Japan beats Taiwan ahead of rematch in Premier12 final
Keita Sano celebrates with his teammates after scoring on Kotaro Kiyomiya's two-run triple against Taiwan during their Premier12 game at Tokyo Dome on Saturday.
Tokyo’s newest three-star chef wants ‘harmony across every detail’
British-born Daniel Calvert earned his third Michelin star last month — a stunning achievement considering his restaurant, Sezanne, has only been open for just over three years.
'Kohaku' still matters for J-pop bragging rights
Emerging Gen Z J-pop group ME:I will perform on this year's "Kohaku Uta Gassen," national broadcaster NHK’s New Year's Eve spectacle.
Tokyo’s newest three-star chef wants ‘harmony across every detail’
British-born Daniel Calvert earned his third Michelin star last month — a stunning achievement considering his restaurant, Sezanne, has only been open for just over three years.
133-year-old Kyushu railway station remains to be partially preserved
The remains of the original Moji Station in Kitakyushu
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”

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