Japan

MUFG Bank, co-firms to establish $93.5m healthcare fund

MUFG Bank, co-firms to establish $93.5m healthcare fund

The fund is for companies engaged in R&D and manufacture of therapeutic drugs and vaccines.

Tech-Driven Next-Gen Corporate Banking: Trends and Implications in APAC and Japan

Corporate banking is at a critical juncture of accelerated change

Economic woes fuel pressure on COVID-hit Japanese banks: Fitch Ratings

Asset quality will likely decay faster than estimated, impeding efforts to sustain profits.

Japan's banks exposed to higher property risk as buffers dwindle

Property prices may collapse if supply exceeds actual demand.

MUFG sees surge in firms needing COVID-related funding

Cash flow is evidently becoming a problem for Japanese companies.

No rate cut for Japan's embattled banking industry

The central bank is already constrained by its negative interest rate policy.

Bank of Japan to buy $112.55b ETFs for COVID-hit firms

It will also create a loan programme to spur lending to COVID-hit firms.

Tech-Driven Investment Strategy and Research Management Systems: Global Trends and Initiatives in Japan

New technologies are accelerating the modernization of investment strategies and decision-making in capital markets.

SoftBank CEO assures US investors he'll be more cautious

Hedge fund Elliott Management is urging the firm to buy back some $20b of stock.

MUFG-Morgan Stanley joint securities arm axes equities staff

Two managers and few research analysts were let go as a cost-cutting move.

Japan banks' profits, asset quality further battered by COVID-19 outbreak

Lower interest rates and higher credit costs spell more trouble.

Tokyo is banking on foreign fintechs to reinvigorate its financial sector

Fintechs may tap into US$9.07t (¥984t) of individual cash sitting in banks, says the Tokyo Metropolitan Government.

Japan's MUFG hit with first loss in 10 years

It recorded a $236m loss in Q3 due to its core unit’s one-off charge.

Japan's SBI Holdings injects $20m into API software firm OpenLegacy

SBI will use the technology to establish the blockchain-based payment app MoneyTap.

JCB International, Oceanpayment ink joint merchant acquiring business

The JV will allow Oceanpayment to be JCB’s acquiring partner for cross-border payments.

Japan's central bank begins lending ETFs to investors

This is part of its move to enhance market liquidity for the instrument.

Bank of Japan retains policy rate

It maintained its short-term interest rate at -0.1% and the 10-year government yields at 0%.