Japan

Growing consumer preference for electronic payments will push a 7.5% growth in value.

The collaboration seeks to build a digital platform for investment institutions.

The bank will help develop the financial functions of the planned Japan Metaverse Economic Zone

Year-end dividend per share is JPY125 or US$92.

They can avail a 30% discount on the admission fee until 30 April 2024.

The bank will maintain strong loan quality and liquidity, Moody’s said.

Diversifying its bond portfolio will improve profits but exposes it to more risk.

The bank has funded JPY19.4t as of 2022, over halfway to its JPY35t target by 2030.

It plans to issue by late April or mid-May instead, according to a spokesperson.

Japanese banks are the most vulnerable and face flat NIM growth.

Average outstanding amount totalled JPY598.9t for the month.

And Bank of America CEO says he and the bank are “capitalist” as anti-ESG critics gain steam.

The potential stake sale is a governance risk, Moody’s warned.

Net revenue was up 24% compared to the year ago. 

The bonds will be issued to Japanese and Taiwanese investors, respectively.

It expands their earlier business cooperation MOU signed in August 2019.