Japan
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.
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.
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.
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