Japan

Mitsubishi UFJ looks overseas for salvation

Japan’s biggest bank intends to generate some 40% of its profit overseas from the present 28%.

Mitsubishi UFJ looks overseas for salvation

Japan’s biggest bank intends to generate some 40% of its profit overseas from the present 28%.

Japanese banks' net profits soared in 2011

Looks like Japan's banking sector managed to thrive in the midst of disasters.

Palm reading ATMs to debut in Japan

A new technology literally places the security of your deposits in the palm of your hand.

Mitsubishi UFJ goes for more M&As in the USA

Japan's biggest lender has not lost its appetite for massive mergers and acquisitions.

Merger creates Japan's biggest trust bank

Three Japanese trust banks have been merged last Sunday to create the nation 's biggest trust bank.

What to do with US$120 billion in Eurozone assets?

Mitsubishi UFJ Financial Group ponders what it needs from among US$120 billion in unwanted European assets on its doorstep.

Will Japanese banks succeed in conquering Australia?

Reports say they have plans of getting 10% of the Aussie banking industry - find out what Patrick Winsbury from Moody's thinks.

AIJ investors advisors: made (off) in Japan

The unfolding scandal in Tokyo involving pension investment management firm AIJ Investment Advisors Co. is depressingly predictable.

Why the war on cash is doomed to fail

Every time a new way of paying for something has arrived – credit and debit cards, internet payments, contactless cards, mobile phone payments – the imminent death of cash has been announced. It sounds a reasonable prediction to make given the convenience of these new methods.

M&As by Japanese banks and others rise to record heights

Yes, you can definitely blame it on the strong yen.

HSBC abandons retail banking operation in Japan

A massive restructuring by the world’s second largest bank continues to surprise with its depth.

Untapped Cambodia welcomes Japanese banking giant

Sumitomo Mitsui Banking Corporation, Japan’s second largest bank in asset size, has just opened a representative office in Phnom Penh.

Bank of Tokyo explores Cambodian market

The Bank of Tokyo Mitsubishi UFJ will penetrate deeper into the Cambodian market with the launching of its representative office.

SMFG leads Japan’s second wave of global M&As

The strong yen, a bane for Japanese exporters, is proving a gold mine for Japanese banks intent on mergers and acquisitions aboard, especially in Europe.

Japan bank lending up for 4th straight month

Aided by steady demand for business funds in areas hit by the massive March earthquake, Japanese bank lending grew 0.7 percent in January from a year earlier to 396.73 trillion yen

JGBs could imperil Japan by 2016

Mitsubishi UFJ Financial has identified 2016 as the year where things could go from bad to worse for Japan.

Japan’s second largest lender posts jaw dropping loss

Mizuho Financial Group took an 80% drop in profit during 4Q11 on a tax asset write-down and weaker stock markets.