Japan

Japan's financial firms face activist climate votes as AGMs near

Japan's financial firms face activist climate votes as AGMs near

Mizuho was forced to vote on a climate-focused resolution in its AGM last year, but more firms are being targeted in 2021.

Mergers imminent amongst Japan's regional banks: study

Ultralow rates, competition will hurt profits to the point where revenue no longer covers operating expenses.

Japan's financial firms face activist climate votes as AGMs near

Mizuho was forced to vote on a climate-focused resolution in its AGM last year, but more firms are being targeted in 2021.

Mergers imminent amongst Japan’s regional banks: study

Ultralow rates, competition will hurt profits to the point where revenue no longer covers operating expenses.

Mizuho Bank halts leadership change following system glitches

The bank suffered four glitches in a span of two weeks.

Mizuho Bank halts leadership change following system glitches

The bank suffered four glitches in a span of two weeks.

Mizuho sets up committee to probe system failures

The failure has hurt the firm's credibility, it says.

Mizuho Bank's latest system failure unveils control, operational risks: Moody's

Half of its ATMs in Japan shut down on 28 February despite a $3.7b system upgrade just two years ago.

Japan's banking regulator surveys lenders on impact of COVID restrictions

The regulator is reportedly seeking to prevent a huge rise in bankruptices of businesses.

Ageing, digitization drive new income streams to Japan's regional banks

Banks can help ageing SME owners manage business risks, says Moody’s.

Tokyo government unveils free consultation services for foreign financial firms

Asset management and fintechs with no registered office in Japan may apply.

MUFG to pool funds for pandemic-hit firms

It will issue sustainable bonds totalling $1.42b.

Chart of the Week: Japan card payments to grow 2.1% in 2020

Pandemic-related fears is crippling away at cash payment’s dominance.

Japan's top regulator cautions against crypto deregulation

Doing so would simply increase speculative trading, he said.

Japan's biggest banks on track to meet profit goals: report

MUFG, SMFG, and Mizuho Financial Group’s net profits totaled $3.7b in Q1.

Sumitomo Mitsui's profit plunged 60.1% to $812.74m in April-June

The group’s earnings per share is at around 59 cents or ¥62.83.

MUFG records 50% plunge in Q1 net profit to $1.73b

The fall was blamed on rising credit-related costs.