MANILA, Philippines - Sy-led BDO Unibank Inc. has partnered with another Japanese bank to further cement its dominance in the international money transfer business. The listed bank owned by retail and banking magnate Henry Sy has partnered with Seven Bank ... ( read original story ...)
Japan’s megabanks dip toes in cryptocurrency waters
TOKYO -- Japanese banks have typically shied away from adopting virtual currencies, but not anymore. Now they are looking to leverage their huge customer bases to jump into the world of cryptocurrencies by offering quick and inexpensive services. ( read original story ...)
Mizuho ventures deeper into fintech
Japan’s Mizuho Financial Group will start a venture next month to create new fintech businesses and catch up with its rivals, according to Reuters. As Banking Technology reported last month, Mizuho Financial Group, Mizuho Bank and IBM Japan teamed up to ... ( read original story ...)
M&A lifts Japan’s 2016 net external assets to second largest on record
TOKYO Japan's net external assets rose to their second-highest amount on record at end-2016 driven by rising mergers and acquisitions overseas by Japanese firms and portfolio investment, the Ministry of Finance (MOF) said on Friday. The net value of assets ... ( read original story ...)
Japan’s 2016 net external assets rose to second-largest on record
Japan’s net external assets rose to their second-highest amount on record at the end of fiscal 2016, driven by rising mergers and acquisitions overseas by firms and portfolio investment, the Finance Ministry said Friday. The net value of assets held by ... ( read original story ...)
Domino’s to take full control of Japan pizza business
Pizza giant Domino's will take full control of its rapidly expanding Japanese operations, after its minority partner, private equity firm Bain Capital, announced it would pull the plug on its 25 per cent stake in August. The Japanese arm of Domino's ... ( read original story ...)
Japan inflation edges up in April as oil prices rebound
TOKYO — Japan's core consumer price index climbed to a two-year high in April of 0.3 per cent, as costs for energy rose. Economists said the increase reported Friday was not likely to persist and that prices for imported consumer goods actually fell. ( read original story ...)
Japan inflation ticks up in April as oil prices rebound
Japan's core consumer price index climbed to a two-year high in April of 0.3 percent, as costs for energy rose. Economists said the increase reported Friday was not likely to persist and that prices for imported consumer goods actually fell. Inflation has ... ( read original story ...)
Nikkei slips as yen edges up, but poised for weekly gains
Stronger yen offsets effect of record closes on Wall Street * Nikkei heavy ahead of 20,000-point level - strategist TOKYO May 26 Japan's Nikkei share average remained solidly on track for a winning week on Friday, underpinned by record closing highs on ... ( read original story ...)
Japan’s Mizuho diving into fintech
The Japanese megabank's recently installed chief digital innovation officer, Daisuke Yamada, will head the affiliate. Mizuho "is finished studying, and moving on to practical application" of fintech, President Yasuhiro Sato said. The new entity ... ( read original story ...)
Japan lender Mizuho to launch fintech venture
Daisuke Yamada, Mizuho's chief digital innovation officer, said the challenges were cultural as well as technological, as truly new business models required a break from Japanese banks' conservative, overly risk-averse attitudes. For that reason ... ( read original story ...)
Tokyo shares advance in morning tracking strong U.S. stocks
TOKYO, May 25 (Xinhua) -- Tokyo shares rose Thursday morning with market confidence boosted by the strong U.S. stocks overnight. The 225-issue Nikkei Stock Average rose 106.12 points, or 0.54 percent, from Wednesday to 19,849.10. The broader Topix index of ... ( read original story ...)
Japan panel urges government to impose delayed sales tax hike to balance budget
TOKYO Japan must not delay a sales tax hike scheduled for October 2019 as the revenue is needed to cover bulging social security costs and achieve the target of balancing the budget in four years, an advisory panel to Finance Minister Taro Aso said on ... ( read original story ...)
Japan panel urges governemnt to impose delayed sales tax hike to balance budget
TOKYO Japan must not delay a sales tax hike scheduled for October 2019 as the revenue is needed to cover bulging social security costs and achieve the target of balancing the budget in four years, an advisory panel to Finance Minister Taro Aso said on ... ( read original story ...)
Foreigners detained in Japan stage hunger strike to stay
Miyasako said in a news conference at the Foreign Correspondents' Club of Tokyo. They have since recovered. Immigration officials say such people simply need to leave Japan. "The decision has been made that they are to return and so we keep talking to them ... ( read original story ...)
Sendai-based upstart taking on big Osaka appliance makers
OSAKA – Iris Ohyama, based in Sendai, is taking on Osaka Prefecture’s more established home appliance makers, including Panasonic and Sharp, in the battle for consumers’ hearts and wallets. Iris joined the home appliance market in 2009 and its ... ( read original story ...)