Japan
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.
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%.
Deutsche Bank appoints new Japan head of global transaction banking
Rei Motoyama will replace Peter Massion effective 1 January.
How foreign fintechs will buoy Japan's banking sector
They might introduce new business models and solve overcapacity, says a former central bank deputy governor.
Unhedged investments threaten Japan banks' overseas profits
This is expanding into leveraged loans and collateralised loan obligations (CLOs).
Japan banks' profit declines to persist despite overseas expansion
Any gains overseas will not be able to equal the size of domestic assets.
Chart of the Week: APAC non-performing assets to decline further in 2020
This will provide a buffer to declining asset quality of banks in the region.
Japan's online financial firm SBI Holdings buys 20% stake at Fukushima Bank
It plans to create a joint outlet that will offer mutual funds, insurance products, and loans.
Cards gain traction in cash-heavy Japan
Total card payments value will hit over $750b by 2022, according to analysts.
Japan's Digital Wallet Corp acquires Philippine fintech
It is renamed Digital Wallet Philippines.
Japanese banks to undergo stress test to assess defenses: source
The banks' capital and liquidity positions will be evaluated.
Japanese regional banks assume more risk to boost bottomline
A crisis or similar shock would lead to downturns more impactful than the GFC.
$5b of Japanese megabank loans flow into Asian coal projects
Majority of the loans are financing coal projects in India, Indonesia and Vietnam.
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