Japan
Paths to overcoming the trap: Digital transformation as an opportunity
The topic being discussed most nowaday is “Opportunities and Challenges of Digital Transformation in Southeast Asia”. OECD-SEARP has been engaged in active discussions on policies to make digitalisation work for better lives and inclusive growth. Japan has actively lead those discussions. OECD has been working on a horizontal project to assess the potential and impact of digitalisation on various aspects of human lives. It is essential to recognise digital transformation as an opportunity, not as a problem.
Paths to overcoming the trap: Digital transformation as an opportunity
The topic being discussed most nowaday is “Opportunities and Challenges of Digital Transformation in Southeast Asia”. OECD-SEARP has been engaged in active discussions on policies to make digitalisation work for better lives and inclusive growth. Japan has actively lead those discussions. OECD has been working on a horizontal project to assess the potential and impact of digitalisation on various aspects of human lives. It is essential to recognise digital transformation as an opportunity, not as a problem.
Japanese mega banks expand to Saudi Arabia
MUFG is establishing a Riyadh subsidiary by October.
Losses mount for Japanese banks as foreign bonds weaken
Lenders are running out of options to combat the ultra-low interest rate environment.
Japanese regional banks form fintech joint venture in bid for survival
Seven lenders will take a stake of little over 14% in the JV.
MUFG to roll out blockchain-powered payments platform
The platform can process a million transactions per second.
MUFG Bank consolidates Asian branch operations to Manila
The Manila office will assume operations from Singapore, Sydney and Taipei.
Japanese banks hit by lower net interest income as loan demand dwindles
Intense Western competition is adding to the banking sector’s growing list of woes.
Staggering costs prompt Japanese banks to shut branches down
MUFG Bank will cut the branch numbers by 20% whilst Mizuho will close around 100 domestic locations.
Can succession business lift Japanese banks out of their earnings slump?
Regional banks may lose about 60% of inheritance funds.
Asian banks pilot cross-border payment test over RippleNet
The collaboration aims to streamline cross-border payments.
MUFG weathers lacklustre lending gains after 2017 profits rose 6.8% to $8.98b
Lower bad loan expenses and gains from equity holdings buoyed earnings.
Japanese banks reportedly mulling joint ATMs to cut massive losses
Declining loan demand is squeezing the profits of the country's lenders.
PIN numbers may soon be a thing of the past for Japanese banks
JCB Co. is testing its contactless payment solution using fingerprint authentication.
MUFG may be hit by $470m writedown on branch losses
This comes amidst an overall profit downturn hitting most Japanese banks.
Can going overseas salvage struggling Japanese banks?
New markets and new target demographics may just help banks stay afloat.
Japanese banks join cashless revolution in digital shift
This follows a regulatory change facilitating third party access to accounts and data.
Negative interest rates batter small Japanese banks hard
Bad loan ratio stood at 1.8% in September 2017 versus 0.7% for massive banking players.
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Unlock the future through the Asian Banking & Finance Forum 2024 in Kuala Lumpur
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Join the journey on 25 June 2024, and be part of the catalyst for progress in this dynamic sector.
Join the journey on 25 June 2024, and be part of the catalyst for progress in this dynamic sector.
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