Tag: banking

TOKYO Japan's upper house of parliament approved on Wednesday the two government nominees for the Bank of Japan's policy board, paving the way for the nominations to sail through the lower chamber where the ruling coalition has a comfortable majority. ( read original story ...)

TOKYO The head of the Bank of Tokyo-Mitsubishi UFJ (BTMU), the core business of Japan's biggest "megabank," has decided to step down for health reasons barely a year into the job, sources told Reuters on Tuesday. President and CEO Takashi Oyamada's ... ( read original story ...)

Government officials Wednesday raided the offices of Shoko Chukin Bank, a state-linked lender for small and medium-sized firms, over improper loans issued under a state-backed program to help crisis-hit companies. The Financial Services Agency, the ... ( read original story ...)

TOKYO, May 24 (Reuters) - Mitsubishi UFJ Financial Group Inc on Wednesday said Takashi Oyamada, chief executive of core banking unit Bank of Tokyo-Mitsubishi UFJ (BTMU), would step down on June 14. Japan's largest lender by assets named BTMU ... ( read original story ...)

The Reuters' monthly poll - which tracks the Bank of Japan's key quarterly tankan - showed confidence at service-sector firms hit a four-month high, a tentative sign of a pickup in domestic demand. Confidence among Japanese manufacturers receded in May for ... ( read original story ...)

The company, which has funding from China's Alibaba and Japan's SoftBank Corp, is third firm after Bharti Airtel and India Posts to have launched payments banks Paytm on Tuesday launched niche payments bank, offering 4% interest rate and cashbacks on ... ( read original story ...)

TOKYO Former Federal Reserve Chairman Ben Bernanke said on Wednesday the Bank of Japan may need to coordinate a new fiscal spending plan with the government, allowing for inflation to accelerate above its 2 percent target without worsening the debt burden. ( read original story ...)

Japan must adhere to the government’s goal to achieve a balanced budget by the fiscal year ending in March 2021, Finance Minister Taro Aso said, in a resolve to push for fiscal consolidation to fix the country’s tattered finances. Aso made the pledge ... ( read original story ...)

TOKYO, May 24 Japan's Nikkei share average rose on Wednesday morning helped by exporters after the dollar gained against the yen, while financials gained ground thanks to a rise in U.S. Treasury yields. The Nikkei rose 0.4 percent to 19,698.31 in ... ( read original story ...)

Two years after buying the Financial Times, Nikkei Inc. is using the salmon-colored broadsheet to break into the education business of its former owner, Pearson Plc, with a plan to market FT-branded English courses in Japan. The FT e-learning product ... ( read original story ...)

Tokyo-based Fringe81, the Japanese startup offering several adtech solutions, announced today that its IPO application to the Tokyo Stock Exchange has been approved. The company will be listed on the TSE Mothers Market on 27 June with plans to offer ... ( read original story ...)

TOKYO, May 23 Japanese stocks were flat on Tuesday morning as a risk-averse mood kept investors sidelined following an explosion in the English city of Manchester, which lifted the safe-haven yen and depressed some export-oriented shares. The Nikkei share ... ( read original story ...)

TOKYO Japan must adhere to the government's goal to achieve a balanced budget by the fiscal year ending in March 2021, Finance Minister Taro Aso said, in a resolve to push for fiscal consolidation to fix the country's tattered finances. Aso made the pledge ... ( read original story ...)

Monetary policy can stymie or enhance free trade and global economic growth. And one of the biggest influencers of monetary policy in the world is the Bank of Japan. Gerard Baker, editor in chief of The Wall Street Journal, sat down with the bank’s ... ( read original story ...)

TOKYO -- Japan's 10 new entrants to the banking sector, such as Sony Bank, recorded a 10% rise on the year in their total deposit balance to more than 17 trillion yen ($152 billion) as of the end of March 2017. Improved convenience looks to have attracted ... ( read original story ...)

TOKYO May 22 Fears that the Bank of Japan is scaling back its massive bond buying programme rippled through corporate bond markets on Monday as traders rushed to dump their holdings at an auction, pushing yields to a 1-1/2 year high. Sellers offered 403 ... ( read original story ...)