Japan

Japan’s fintech funding on track to extend four year decline streak in 2022

The $300m in funding secured in H1 was less than half of 2021’s full-year investment value.

Japan’s fintech funding on track to extend four year decline streak in 2022

The $300m in funding secured in H1 was less than half of 2021’s full-year investment value.

Earnings remain key weakness of Japanese banks: Fitch

Impact of rising interest rates in the US will be mixed, the ratings agency said.

Mizuho Bank charged $6.75b negative interest rate by BOJ

This is the first time in 7 months that a megabank was charged.

MUFG Bank launches branch in India’s GIFT City

The bank now has six branches throughout India.

Japan bank lending up 1.8% to record $4.36t in July: report

Companies are borrowing money due to the rising costs of raw materials, an official said.

Sumitomo Mitsui Financial Group posts strong Q1 profits

Profit growth was thanks to loan growth and fee income growth.

Japan fintech investments fall to five-year low in Q1

There were only eight investment transactions during the quarter.

The Invoice Data Exchange Accelerates SME Banking Innovation

Innovation opportunities for payment digitalization in Japan.

Japan’s Shizuoka Bank maintains strong loan quality as profits continue to be weak

The bank has the strongest capitalization amongst regional banks in Japan.

MUFG Bank joins think tank for CO2 and storage capture tech

CCS is expected to play a role in reducing CO2 emissions in the world.

Mizuho submits business improvement plan following tech failures

Mizuho most recently saw disruptions to its corporate online bank services on 11 January. 

Mizuho reports disruption in corporate online banking services

This comes almost a year after Mizuho suffered system failure in early 2021.

Profits of Japan's megabanks to rise in next 12-18 months

All three banks’ profits jumped over 60% for the first six months of the current fiscal year.

Japan’s rural banks embrace more risks in search of profits

Their greatest enemy is time as business opportunities need years to take fruit.

Japan’s MUFG sells US retail bank subsidiary to US Bancorp in $8b deal

It is exiting the retail banking business to refocus on corporate transactions.

Japan’s new PM a positive for banks’ earnings outlook: Jefferies

Banks’ credit costs are expected to undershoot their guidance.