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July 28, 2024
 

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BANKS

Japan Times
BUSINESS / Economy
May 23, 2015
BOJ should map out plan for increased monetary easing to boost economy: IMF delegation
The International Monetary Fund said Saturday that the Bank of Japan "needs to stand ready" for further monetary easing to accelerate the country's economic recovery, warning of differences between the central bank and market inflation forecasts.
Japan Times
BUSINESS / Companies
May 12, 2015
Nomura, RBS conducted 'enormous' deception over risky financial product: U.S. judge
Nomura Holdings Inc. and Royal Bank of Scotland Group Plc. may face $500 million in damages for what a judge called an "enormous" deception in the sale of defective mortgage-backed securities, a ruling that may spur other banks to settle similar claims tied to the 2008 financial crisis.
BUSINESS / Companies
May 1, 2015
Resona group banks to give pay raises for first time in 20 years
Resona Holdings Inc. has decided to raise wages for workers in nonmanagerial posts at its banks by 1 percent or more on average from July in the first wage hike in 20 years, company officials said.
BUSINESS / Companies
Apr 27, 2015
Mizuho agrees to buy additional loans from RBS for $500 million
Mizuho Financial Group Inc., the nation's third-biggest bank by market value, agreed to buy more North American loans from Royal Bank of Scotland Group PLC for about $500 million (¥60 million) as it deepens an expansion abroad.
EDITORIALS
Apr 23, 2015
New opportunities for banks
Business opportunities for banks are set to expand under planned deregulation.
BUSINESS / Companies
Apr 23, 2015
Sharp's ¥200 billion bailout approved by Mizuho, BTMU
Sharp Corp. has effectively been given the green light to receive ¥200 billion ($1.7 billion) in financial support from its two main creditor banks on condition it engages in more drastic restructuring, sources close to the matter said Thursday.
BUSINESS / Companies
Apr 21, 2015
GE said to be in talks with Blackstone, Mitsubishi on sale of assets
General Electric Co. is discussing the sale of parts of its finance business, including the $74 billion U.S. commercial-lending unit, with potential buyers including Blackstone Group LP, Mitsubishi UFJ Financial Group Inc. and Wells Fargo & Co., said people with knowledge of the matter.
BUSINESS
Apr 17, 2015
Aso says AIIB would benefit from partnership with other lenders
The joint financing of development projects by a planned Chinese-led investment bank and existing institutions like the Asian Development Bank would help to raise standards at the new lender, according to Finance Minister Taro Aso.
BUSINESS
Apr 17, 2015
Emerging economies hail new China-led investment bank
A group of 24 emerging economies on Thursday welcomed plans to establish the China-led Asian Infrastructure Investment Bank.
BUSINESS
Apr 16, 2015
Analyst examines double mystery: Why BOJ's stock rallies boost Japanese megabanks
Katsuhito Sasajima is looking into a double mystery. Why is the Bank of Japan's stock rising and why do the shares of the mega-banks usually follow?
BUSINESS / Companies
Apr 16, 2015
Sharp eyeing ¥200 billion bailout: source
The loss-making company will also pledge to scale back its North American TV operations and cut around 5,000 jobs, or 10 percent of its global workforce, a source said.
BUSINESS / Economy
Apr 12, 2015
China-led AIIB will be lean, clean and green, its chief says
The China-led Asian Infrastructure Investment Bank will be lean, clean and green, its interim chief has said, playing down concerns over transparency and standards governing the institution.
JAPAN / Crime & Legal
Apr 11, 2015
New virus directly targeting ATMs likely headed for Japan: Interpol
Banks in several countries have been hit by a new form of financial cyberattack, in which a virus alters banks' computer systems to allow cash withdrawals from automated teller machines to users without an account, Interpol officials said Saturday.
BUSINESS
Apr 10, 2015
AIIB on agenda of Japan-U.S. summit
Japan and the United States plan to reaffirm the need to ensure fair governance and transparent management in a China-led regional development bank during summit talks between their leaders in Washington later this month, diplomatic sources said.
ASIA PACIFIC
Apr 9, 2015
Japanese Banks outmuscle Chinese on overseas expansion, IMF says
Japanese banks have been more aggressive than their Chinese peers in expanding abroad since the global financial crisis, the International Monetary Fund said in a report that also highlighted differences in their approaches.
BUSINESS / Companies
Apr 8, 2015
Mizuho cherry-picks 130 RBS staffers to feed U.S. expansion
Mizuho Financial Group Inc. said Royal Bank of Scotland Group PLC's Jennifer Powers, Victor Forte and Richard Smith will take senior roles in debt capital markets at the Japanese lender, which is hiring about 130 people from RBS to expand in the United States, according to a person with knowledge of...
BUSINESS / Companies
Apr 6, 2015
SMBC Trust to absorb Citi's retail business in Japan on Nov. 1
Sumitomo Mitsui Banking Corp. said Monday that subsidiary SMBC Trust Bank will absorb Citigroup Inc.'s consumer banking business in Japan on Nov. 1.
Japan Times
BUSINESS / Economy
Apr 1, 2015
Japanese banks oppose stricter capital rules for interest-rate risk
Japanese banks will oppose a push by global regulators to toughen rules on the capital lenders require to withstand an increase in interest rates, the new chief of the country's bank lobby said.
BUSINESS
Mar 30, 2015
Flush with cash from would-be pilgrims, Indonesia's Islamic banks expect lending to rise
Flush with cash transfers from the state-controlled Hajj fund, Indonesia's Islamic banks expect loan growth to triple in 2015.
Japan Times
WORLD / Politics
Mar 28, 2015
Upset by Warren's calls for break-ups, U.S. banks debate halting some Senate campaign donations
Big Wall Street banks are so upset with Democratic Sen. Elizabeth Warren's call for them to be broken up that some have discussed withholding campaign donations to Senate Democrats in symbolic protest, sources said.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Ahead of the Olympics, Japan is still talking about the gymnast who won't be there
Japan's Shoko Miyata withdrew from the gymnastics team herself over her drinking and smoking, although it had already appeared as though the association was prepared to send her home from the team’s training camp in Monaco.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
‘Crazy’ yen rally is at risk of shattering as soon as Wednesday
Some investors are warning that a yen rally is fragile, as was on show this week when the yen rapidly retraced an advance after Thursday’s stronger-than-expected U.S. economic growth figures.
Japan's average life expectancy rises for first time in three years
A decline in COVID-19-caused deaths likely helped boost the average life expectancy for Japanese men and women to rise for the first time in three years in 2023.
The Japanese Olympians looking to shine in Paris
Rim Nakamura, who is attempting to win Japan's first Olympic gold medal in cycling, will be one of the top Japanese athletes to watch at the Paris Games.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Japan eyes gold — and the future — as Olympic men's soccer campaign begins
Japan midfielder Yu Hirakawa controls the ball during a match against the United States in Kansas City, Kansas, on June 11.

Podcast

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

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

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JNTO promotes sustainable tourism initiatives

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