Tag: banking

TOKYO, May 15 (Reuters) - Japanese stocks pulled back from a recent 3-1/2 month high on Tuesday, hit by profit-taking, though bank shares staged a rally on hopes of strong earnings for the sector. The Nikkei share average ended 0.2 percent lower to 22,818 ... ( read original story ...)

The top three lenders reported weak earnings at their core commercial banking units, propped up by lower bad loan costs, gains in stock holdings and other factors. Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T), Japan’s largest lender, said on ... ( read original story ...)

In an attempt to keep billions in funds left by deceased customers, Japanese regional banks are using special trusts to enter into banking relationships with the heirs of the departed. The step comes as the country’s local lenders have been losing 60 ... ( read original story ...)

Japan Post Bank is to launch a $1.5bn in-house hedge fund, according to people familiar with the plan, as an institution that once symbolised the nation’s financial conservatism embraces a new level of risk in a quest for greater returns. The shift ... ( read original story ...)

The top three Megabank of Japan is to test MUFG Coin, allowing 100,000 MUFG Bank Account Holders to Participate. They will be able to convert their wire deposit into coins through a wallet-based wallet application with an MUFG of 1 yen. Once Japanese ... ( read original story ...)

Bank of Hawaii and Japan-based SMBC Trust Bank recently signed a unique collaboration agreement to provide access to select private banking services for certain Hawaii clients. Bank of Hawaii and SMBC Trust Bank will offer its Japanese clientele enhanced ... ( read original story ...)

Japan’s biggest bank, and the world’s fourth largest, is reportedly planning to launch a large-scale trial of its own digital currency as early as next year. According to a report fromHK, Mitsubishi UFJ Financial Group has plans to conduct a test of ... ( read original story ...)

But despite the broad-based slowdown, Minami said the economy would remain solid. "If you look at the Bank of Japan's 'Tankan' survey released in April, business confidence was unshaken, with corporate investment plans remaining solid," he said. ( read original story ...)

TOKYO (Reuters) - Japan’s central bank is likely to wait longer than initially expected to exit its super-easy stimulus, a Reuters poll of economists showed,, with almost half predicting that it won’t happen until 2020 or later given sluggish inflation. ( read original story ...)

In the five-year average of net profit margins, the Japanese surpassed U.S. automakers General Motors and Ford Motor in fiscal 2015, and the German big three -- Volkswagen, Daimler and BMW -- in fiscal 2016, according to Nikkei group's QUICK and FactSet. ( read original story ...)

NEW DELHI: The founder of Sulabh International, Dr Bindeshwar Pathak, has been honoured with the Nikkei Asia Prize in Japan for his contribution to Asia's development, an official statement said today. Pathak is among the three who have been conferred with ... ( read original story ...)

TOKYO -- The Japanese ramen noodle chain, Ajisen Ramen, operates around 600 restaurants in China. But if you want Japanese rice with your noodles, you must pay about four times the price of a domestic variety. In China, Japanese rice is only for the deep ... ( read original story ...)

TOKYO (TR) – Tokyo Metropolitan Police on Monday announced ... Also on Monday, a regulatory filing with the Ministry of Finance showed that the operator of Mercari has been given approval for an initial public offering that will raise up to 117.6 ... ( read original story ...)

The broader Topix gained 0.6 per cent to 1,805.92. TOKYO: Japan's Nikkei share average rose to a 3-1/2 month high on Monday following sharp gains in cosmetics maker Shiseido after better-than-expected earnings offset weak tech shares, which tracked ... ( read original story ...)

TOKYO, May 14 (Reuters) - Japan’s Nikkei share average rose to a 3-1/2 month high on Monday following sharp gains in cosmetics maker Shiseido after better-than-expected earnings offset weak tech shares, which tracked declines in their U.S. counterparts ... ( read original story ...)

TOKYO -- Mahathir Mohamad's return to power in Malaysia has come as a welcome surprise for the Japanese government when China's increasing clout in Southeast Asia is eclipsing the influence of Japan and Western nations. Although diplomats are hesitant to ... ( read original story ...)