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July 17, 2024
 

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US BANKS

Japan Times
BUSINESS / Companies
Mar 27, 2020
Toyota requests $9 billion credit line from Japanese mega-banks SMBC and MUFG
Toyota Motor Corp. has asked two mega-banks to set up a credit line of ¥1 trillion ($9.2 billion), company sources said Friday, a move that signals the leading automaker is struggling with rising fundraising costs caused by the coronavirus outbreak.
Japan Times
BUSINESS / Markets
Mar 21, 2020
Central banks take further steps to boost U.S. dollar liquidity
Six central banks, including the U.S. Federal Reserve and the Bank of Japan, announced on Friday coordinated action to further boost U.S. dollar liquidity amid concerns over the economic impact of the coronavirus pandemic.
Japan Times
COMMENTARY / World
Mar 16, 2020
The Fed's barrage faces some obstacles to success
The U.S. central bank's intervention carries the risk of backfiring.
Japan Times
BUSINESS / ANALYSIS
Mar 16, 2020
The plumbing behind world's financial markets is creaking — loudly
The coronavirus panic is jolting stock markets, with steep drops in major indexes grabbing the public's attention. But behind the scenes, there is less understood and potentially more worrying evidence that stress is building to dangerous levels in crucial arteries of the financial system.
Japan Times
BUSINESS
Feb 28, 2020
Vietnam reduces plan to build new coal plants amid fiscal and environmental concerns
Vietnam is scaling back a plan to build new coal plants, as financial restrictions and local environmental concerns increase the difficulty and complexity of constructing such facilities.
Japan Times
BUSINESS
Feb 28, 2020
World economy risks worst year since 2009 as hopes fade of rapid rebound from virus
The world economy may be heading for its worst performance since the financial crisis, more than a decade ago, as the spread of new virus that causes COVID-19 increasingly dashes hopes of a swift rebound.
Japan Times
BUSINESS / Economy
Feb 27, 2020
BOJ board member urges inflation policy review and stronger steps to avert virus-linked recession
A member of its BOJ's Policy Board has called for stronger action by the central bank as the widening fallout from the coronavirus outbreak risks tipping the economy into yet another recession.
BUSINESS
Feb 27, 2020
Bank of Japan asks major lenders about contingency plans following infection at MUFG
The rapid spread of the new coronavirus has prompted the Bank of Japan to ask major banks how prepared they are for a worsening of the outbreak, people with knowledge of the matter said.
BUSINESS / Companies
Feb 20, 2020
MUFG Bank to invest ¥80 billion in ride-hailing service Grab
MUFG Bank will form a capital and business alliance with Singapore-based ride-hailing service Grab, with the view to collaborating on retail financial services, sources have said.
Japan Times
JAPAN / Crime & Legal
Feb 20, 2020
Losses in Japan from cash card collection scams surged in 2019
Losses from cash card collection scams more than doubled in 2019 from the previous year, with swindlers posing as police officers or bank workers visiting victims' homes and tricking them into handing over their cards, a police report showed Thursday.
BUSINESS / Companies
Feb 20, 2020
MUFG Bank launches system development and operations unit in India
MUFG Bank has set up a system development and operations wing in India, with plans to develop it into a unit that supports the bank's business across the Asian and Oceanian regions and elsewhere.
Japan Times
JAPAN / Crime & Legal
Feb 18, 2020
Nine arrested for illegally collecting money for food business Kefir
Nine people were arrested Tuesday on suspicion of illegally collecting money for a food product sales business run by a Tokyo-based mail-order service company that filed for bankruptcy in 2018, police said.
Japan Times
BUSINESS
Feb 11, 2020
Union at MUFG Bank to scrap demand for uniform pay increase
The labor union at MUFG Bank plans to scrap its current system of seeking pay scale hikes at a uniform rate for all workers in this year's shuntō labor management talks, it has been learned.
BUSINESS / Markets
Feb 10, 2020
Japanese asset manager awaits flood of money from regional banks
Japanese financial conglomerate SBI Holdings Inc. anticipates a flood of money from yield-starved regional banks that need help reinvesting cash after redeeming government bonds.
BUSINESS
Feb 6, 2020
Bank of Japan, ECB and other central banks to discuss starting digital currencies
The central bankers will meet in Washington on the sidelines of an International Monetary Fund conference, sources said.
Japan Times
BUSINESS
Feb 6, 2020
Goldman Sachs poised to enter Japan wealth management business
Goldman Sachs Group Inc. plans to start offering wealth management services in Japan, a person with knowledge of the matter has said.
Japan Times
BUSINESS / Companies
Feb 5, 2020
MUFG just posted first quarterly loss in a decade
Mitsubishi UFJ Financial Group Inc. has posted its first quarterly loss in a decade and cut its annual profit forecast after booking a hefty charge on its stake in an Indonesian bank.
BUSINESS / Companies
Jan 30, 2020
SBI Sumishin Net Bank considers going public
SBI Sumishin Net Bank is considering going public and becoming Japan's first listed internet-only bank without any physical branches, according to sources with knowledge of the matter.
Japan Times
BUSINESS
Jan 27, 2020
Japanese banks' fortress mentality puts them on trailing edge of fintech revolution
Japan's effort to nudge its more than 100 struggling regional lenders into the digital age is floundering.
Japan Times
BUSINESS / Companies
Jan 24, 2020
Japan's largest bank offers users ¥1,000 to give up paper passbooks and go digital
To encourage more customers to go digital, Japan's largest bank is offering depositors who give up their paper bankbooks a ¥1,000 reward.
Who needs AI when you have Hatsune Miku?
Over the first six months of 2024, a handful of songs using Vocaloid singer Hatsune Miku’s voice have enjoyed widespread attention, underlining a global interest in the character and the technology she represents.
Harry Kewell fired by Yokohama F. Marinos
Yokohama F. Marinos coach Harry Kewell before an Asian Champions League match against Ulsan Hyundai, in Ulsan, South Korea, on April 17
Statue of A-bombed Japanese girl in Seattle stolen
The Sadako and the Thousand Paper Cranes statue in Seattle's Peace Park. The statue was reported missing on Friday by the city government of Seattle.
'Super spicy' potato chips land Japan students in hospital
High school students were taken to hospital in Tokyo on Tuesday after eating "super spicy" potato chips.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.

Podcast

You can often see generations of families enjoying performances together at Fuji Rock Festival.
Japan’s summer music festivals are feeling the heat in more ways than one

Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

SUSTAINABLE JAPAN

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Festival overcomes a nuclear accident and COVID

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