Japan
MUFG names Rob Ward as project finance, ESG finance head for Oceania
MUFG names Rob Ward as project finance, ESG finance head for Oceania
MUFG Bank has appointed Rob Ward as its head of project finance and head of ESG finance, the latter being a newly-created role for the Oceania region, according to an announcement.
Bank of Japan may have a new pattern when buying stocks
The regulator has said it may buy up to $112b (JPY12t) in ETFs a year.
Sumitomo Mitsui Banking Corp joins two blockchain-based trade platforms
These platforms digitalise LC workflow and issuance.
MUFG Bank to digitize personal stamp forms with robotics, AI
The lender will digitize over 300 million pages of paper forms stored in warehouses.
Japan creates team to look into central bank digital currencies: report
It will follow-up on the BOJ’s efforts in this field.
Banks with “shattered” business models warned by regulator to adapt: report
The FSA has targeted some local lenders for “intensive dialogue”.
Japan's bank lending surges at record pace in May
Pandemic-struck companies turn to loans to meet funding needs.
Japan's regional banks gain lifeline with regulator's strategy switch
The Financial Services Agency has let go of its bank inspection manual.
Roadblocks ahead for Japanese banks as credit costs balloon
NPLs will rise as SME default rates stack up.
Japan's second-biggest bank pushes through with overseas expansion
The move contrasts the downsizing planned by other global firms HSBC and Deutsche.
More investors back proposal to end Mizuho's coal lending
It could push Japanese banks to live up to promises of ending the practice.
COVID-19 Impact on FIs' IT Plans in Japan and APAC
In the transitional period from the unprecedented emergency to the new normal, the Japanese and APAC financial institutions have stepped up their countermeasures.
Default rates of credit card receivables in Japan to remain elevated
Annual default rates of credit card purchase rose to 6% in March from only 4.4% last year.
Easing rules on public funding delivers capital relief for Japanese banks
But it does not solve the long-term problem of weakening profitability.
Japanese e-payment firms Konbini, Pay-easy join PPRO platform
This marks London-based PPRO’s entry to the Japanese e-commerce market.
Japan's MUFG to shutter 40% of local branches by 2023
It also expects 6,000 job losses by that year.
Japanese major banks' lending surge 3.4% in April
Borrowings by COVID-hit firms spurred the jump.