Japan
Japan’s fintech funding on track to extend four year decline streak in 2022
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.
Mizuho taps Deloitte partner as new exec, deputy compliance officer
The appointments are effective 1 June.
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.
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