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.

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.

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.