Tag: banking

TOKYO -- Japan's public and private sectors have agreed on a comprehensive package to promote the export of medical-related infrastructure to India, Nikkei has learned. Some Indian companies already appear to be involved in the plan, which could go into ... ( read original story ...)

Japan-based global investment bank Nomura has announced a venture to establish a custody offering for digital assets, Cointelegraph Japan reports today, May 16. The new project aims at removing barriers to institutional investment in the crypto space. ( read original story ...)

Mercari, the eBay-like service that is Japanese first tech startup unicorn, has filed to go public in an IPO that could raise as much as $1.1 billion. The company is scheduled to list on the Toyko Stock Exchange’s Mothers Market — a board for high ... ( read original story ...)

Tokyo stocks ended down on Wednesday, after falls on Wall Street and official data that showed Japan's economy contracted for the first time in two years. The benchmark Nikkei 225 index lost 0.44 percent, or 100.79 points, to 22,717.23 while the broader ... ( read original story ...)

TOKYO -- Japan's economy contracted by an annualized rate of 0.6% in the January-March quarter, marking an end to the longest streak of growth since the late 1980s, as consumer spending and capital expenditure slowed. While most economists expect to see a ... ( read original story ...)

KTX, in central Japan's Aichi Prefecture, has won fans among automakers ... According to the 16th mold survey conducted by Nikkei at the end of fiscal 2017, 41 companies, or 33.1% of the total, said they planned to raise their capital spending this ... ( read original story ...)

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 ...)