Struggling to make profits grow in their domestic lending businesses, Japan’s banks have languished. Add to their pain negative interest rates and meaty cost structures, and the future is visibly bleak. Yet, not much has been done about it. Bank stocks ... ( read original story ...)
Poll finds 14% of Japanese adults living alone have no cash in the bank
Fourteen percent of Japanese adults living alone have no money in the bank to guard themselves for rainy days, according to a recent survey of several thousand people by the nation’s Central Council for Financial Services Information. The annual research ... ( read original story ...)
Banking Technology November 2016 issue out now
In Japan we’ve got a consortium with a catchy title of “The Japan Bank Consortium to Centrally Provide Domestic and Cross-Border Payments”. It was set up earlier this year by Ripple and SBI Holdings and has recently opened its blockchain doors ... ( read original story ...)
BOJ policymakers admit time needed to hit price target: September minutes
TOKYO A majority of Bank of Japan policymakers believe it could take time for inflation expectations to firm, underscoring lingering doubts on how effective the BOJ's new policy framework would be in achieving its ambitious 2 percent price target. ( read original story ...)
Japanese Bank's MBS Suit Against JP Morgan Revived
Your article was successfully shared with the contacts you provided. A Japanese bank that filed eight lawsuits against multiple investment banks in 2013 over mortgage-backed securities saw one court victory last week, when an appellate court allowed its ... ( read original story ...)
We're All Hedge Funds Now, Part 4: Central Banks Become World's Biggest Stock Speculators
The Bank of Japan's Unstoppable Rise to Shareholder No. 1 (Bloomberg) – The Bank of Japan's controversial march to the top of shareholder rankings in the world's third-largest equity market is picking up pace. Already a top-five owner of 81 companies in ... ( read original story ...)
Consumer prices in Japan fall for seventh straight month
Long stuck in a battle against deflation, signs are not good for the world’s third largest economy. There are calls for the Bank of Japan to push back their inflation target. Economic growth continues to falter in Japan as consumer prices fell in Japan ... ( read original story ...)
How Shinzo Abe plans to save Japan’s economy
In July, Shinzo Abe showed himself to be one of post-war Japan’s most successful and powerful politicians, as the Prime Minister of Japan once again claimed victory in the country’s upper house parliamentary elections. The Liberal Democratic Party (LDP ... ( read original story ...)
Tokyo TY chief touts small business loans in negative rate environment
“As a local banking group in Tokyo, we want to strengthen loans to such firms.” Ajioka also said Tokyo TY Financial Group Inc. plans to triple the size of its consulting team for small firms to 30 by the end of March 2017. The team was set up by its ... ( read original story ...
Dentsu raided again by Japan's labor ministry over suspected violations
Dentsu's Tokyo, Osaka and Nagoya offices have been raided, a Dentsu spokesman said, adding that the company will cooperate with the ministry. The spokesman declined to comment on whether there were additional cases of overwork. Dentsu, the world's fifth ... ( read original story ...)
Tokyo stocks up by break on FBI Clinton announcement
Tokyo stocks rose Monday morning after the FBI said market ... while energising that of Republican rival Donald Trump. Financial markets, which fear the uncertainty surrounding a possible Trump victory, were thrown into turmoil last week by the news. ( read original story ...)
The New, Gentler Bank of Japan
- US Dollar Posts Modest Rally after Another ‘Goldilocks’ NFP Report. - USD/JPY Technical Analysis: Hanging By a Bullish Thread. - If you’re looking for trading ideas, check out our Trading Guides. Fundamental Forecast for JPY: Neutral The Bank of ... ( read original story ...)
Tokyo stocks open lower as US election jitters boost yen
Tokyo stocks opened lower on Friday as investor jitters over the US election boosted the yen, sparking a sell-off in exporter shares. The latest polls for Tuesday's US presidential election show Democrat Hillary Clinton clinging to a narrow lead over ... ( read original story ...)
Vibrant Gujarat Global Summit 2017 Delegation Receives Overwhelming Response in Japan and South Korea
Banking and Finance Services, Industrial Townships and Infrastructure, Education, Construction and Urban and Rural Development and Tourism and invited the participants to the Vibrant Gujarat Global Summit 2017. The roadshows in Tokyo, Osaka and Seoul ... ( read original story ...)
Japan, Russia agree to economic cooperation ahead of summit – Nikkei
TOKYO (Reuters) - Japan and Russia will focus on about 30 items of economic cooperation ahead of a December summit at which Japanese Prime Minister Shinzo Abe hopes to make progress in resolving a long-festering territorial row, said the Nikkei business daily. ( read original story ...)
Tokyo panel head says 2020 organizers not co-operating
Ueyama also criticized the lack of financial accountability in the way the organizing committee was put together, comparing it to a company with no CEO or CFO. While Ueyama said there are leaders in similar roles within the organizing committee, the Tokyo ... ( read original story ...)