Tag: banking

In Japan, the Nikkei 225 tumbled 252.73 points, or 1.1%, to 22,437.01, on the firmer yen, extending losses in the last session. Autos traded lower, as did other major exporters as the yen rose around 0.4% to trade at 109.58 to the U.S. dollar. In Hong Kong ... ( read original story ...)

Investing.com – Japan equities were lower at the close on Thursday, as losses in the Mining, Chemical, Petroleum & Plastic and Warehousing sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 declined 1.11%. Declining stocks outnumbered ... ( read original story ...)

Japan’s Nikkei NIK, -1.11% was down 1.1%, extending Wednesday’s losses. Automakers led the losses, with Toyota Motor Corp. 7203, -3.05% , Honda Motor Co. 7267, -3.39% and Nissan Motor Co. 7201, -1.76% all down around 3%. South Korea’s Kospi ... ( read original story ...)

MAEBASHI, GUNMA PREF. – Bank of Japan board member Makoto Sakurai said on Thursday excessive monetary easing could destabilize the economy and suggested the bank could whittle down its massive stimulus program if growth continues to strengthen. ( read original story ...)

Japan Post Bank Co. Ltd (JPB), the banking unit of state-owned Japan Post Group, which says its revenues are in “significant decline” from low interest rates, plans to invest more in riskier assets over the next three years to boost earnings. ( read original story ...)

Under the new fiscal guidelines, the government will also set an interim target to review progress in getting Japan’s fiscal house in order, the Nikkei newspaper said on Wednesday. Its interim goal, with a deadline of fiscal 2021, will aim to achieve ... ( read original story ...)

All guests will receive a limited edition Conrad Bear collectible in celebration of the special occasion OSAKA, Japan, May 24, 2018 /PRNewswire/ -- Conrad Osaka (3-2-4 Nakanoshima, Kita Ward, Osaka City; GM: Karan Singh) is proud to announce the ... ( read original story ...)

Japanese bank SMBC is to reconsider its prolific funding of coal-fired plants, the first of the nation’s major banks to do so. Speaking on an earnings briefing this week, the president of Sumitomo Mitsui Financial Group, SMBC’s parent company, said ... ( read original story ...)

MUFG, Japan’s biggest bank, has announced plans to launch a ‘hyper-scale’ blockchain payments network to be co-developed with cloud delivery giant Akamai for faster, cheaper payments. In an announcement [PDF] on Monday, the Mitsubishi UFJ Financial ... ( read original story ...)

When Tadashi Kikugawa arrived on the Japanese bond desk at Fuji Bank in 1988 after finishing a college degree in physics, he had to get to grips with a market with “huge” fluctuations. Trades worth $1 billion in one shot weren’t unusual, he says ... ( read original story ...)

The banking arm of Japanese financial institution Mitsubishi UFJ Financial Group MUFG and cloud service provider Akamai Technologies are developing a new blockchain service to create what they claim will be the world’s most scalable and fastest payment ... ( read original story ...)

In this post I want to talk about one of the real tragedies of monetary policy and inflation: Japan. The tragedy is that the mystery of the deflation in Japan is no mystery at all. The cure also was no mystery. So the tragedy is that these were both ... ( read original story ...)

Today I want to talk about one of the real tragedies of monetary policy and inflation: Japan. The tragedy is that the mystery of the deflation in Japan is no mystery at all. The cure also was no mystery. So the tragedy is that these were both treated as ... ( read original story ...)

TOKYO -- Japan's three megabanks are trying to cut costs by reducing the number of ATMs and full-service branches as country shifts to a cashless economy and the Bank of Japan's negative interest rate policy erodes profits. With banks forced to pursue ... ( read original story ...)

MUFG Coins is an inevitability would “overcome issues of [existing] virtual currencies” like volatility “[to] create a highly useful currency” said bank president Nobuyuki Hirano. Bank of Tokyo-Mitsubishi UFJ – the banking arm of the Mitsubishi ... ( read original story ...)

Over the past 18 months, MUFG, the world's fourth-largest bank, has been working with Akamai to design a blockchain built on Akamai's cloud-based Intelligent Platform to handle 1 million transactions per second at latencies of less than 2 seconds. ( read original story ...)