Japan
Citi names Yuko Nakayama as head of ECM for Japan investment banking
Citi names Yuko Nakayama as head of ECM for Japan investment banking
The ECM team in Japan will report to Nakayama.
Japanese megabanks see profit rise, but capital remains a weakness
Overseas expansion is another risk, as it could raise credit costs, warned Fitch.
Norinchukin logs $540m profit in H1 FY2025
This is a reversal from the loss recorded in the same period in FY2024.
Japan Post Bank’s net income up 7.8% to $1.55b in H1 FY2026/3
It has not revised its net income forecasts for the year.
MUFG now Sakana AI’s largest Japanese investor
Its projects include an AI capable of rewriting its own code for self-improvement.
SMFG’s profit rose 28.72% to $6.04b in H1 FY2025
Its comprehensive income more than doubled during the period.
Mizuho Financial Group’s profit up 21.8% to $4.46b in H1 FY2025
Its comprehensive income rose 42.8% although ordinary income was 5.4% lower.
Foreign institutions pursue market entry as Japan strengthens fintech rules
Reliability defines Japan’s fintech advantage in Asia
Nomura Holdings’ net income up 17.5% to $700.2m in H1 FY2025
Its total revenue fell, but net income was higher.
Mizuho Bank names new global transaction banking head
Hidekatsu Take will remain head of global corporate & investment banking.
MUFG sets up equity fund to invest in middle, late-stage startups in Japan
Japanese startups struggle to achieve sufficient growth due to lack of support.
State Street completes transfer of Mizuho’s $850b custody business
Mizuho will collaborate with State Street for global custody and related services.
SMBC Group, Jefferies to establish wholesale equities business in Japan
SMBC is also increasing its investment in Jefferies to up to 20%.
SMBC to buy additional 4.2% stake in Yes Bank for $101.7m
It has already completed the acquisition for a 20% equity stake in the Indian bank.
Japan's first stablecoin unlikely to affect gov't bond demand
But it might lead to a boost in annual JGBs by around $1.88b.
Japan’s megabanks may increase foreign bond purchases to meet income goals
Upcoming US Fed rate cuts may raise bond prices, increasing urgency to buy.
SMBC invests in fusion energy start-up
It aims to accelerate the establishment of fusion power reactors’ supply chains.
Commentary
Thailand backs major conglomerates for digital banks but risks stifling innovation