Japan

16 foreign e-wallets now accepted in Japan through Alipay+

Alipay, KakaoPay,  Touch ‘n Go, GCash and TrueMoney are the most popuar.

16 foreign e-wallets now accepted in Japan through Alipay+

Alipay, KakaoPay,  Touch ‘n Go, GCash and TrueMoney are the most popuar.

Japan’s policy rate may rise to 0.25% by end-2025: Fitch

Regional banks will not benefit much from rising interest rates, however.

Mobile tap payments produces least carbon emissions vs cash and ATMs: study

ATMs make up a bulk of carbon emissions, at 7.14g CO2e per transaction.

Japan banks clinch $1.98b boost in interest income after policy shift

But a rise in deposit rates presents risks, analysts warned.

Banks fine but SMEs at risk by Japan's 'historic' policy shift

SMEs may see more challenges from the higher interest rates and higher wages.

Japan exits negative interest rate policy on record wage hikes

With salaries rising by 5.28% on average, the BOJ sees cycle of wages and prices more “solid”.

Strong liquidity, moderate risk to prop up Gunma’s “weak yet improving” profits

Gunma Bank’s problem loan ratio has improved to 1.6%, from 2.3% previously.

BOJ disbursed $66.4b in loans to stimulate bank lending

The outstanding balance of 6 major banks is at $218b.

Japan’s SMFG names new deputy presidents and executive officers

Kanamaru and Koike were both senior managing corporate executive officers.

Japan’s Daishi Hokuetsu Bank faces weak profits, high interest rate risks: Moody’s

Its problem loan ratio deteriorated to 2.23% in a three-year period.

Japan to break free from negative rate policy after wage hike: analyst

The negative rate environment is likely to end in April 2024.

Japan banks’ domestic assets at $9.4t in January

Banks hold an additional US$1.6t of assets in their overseas branches.

JCB offers 10% cashback to Skyliner ticket

Members with a JCB card issued outside of Japan can avail of the cashback.

Norinchukin Bank announces senior leadership changes

The leadership changes are effective 1 April 2024.

Mizuho appoints Hidekatsu Take as deputy president

He joins group CEO Masahiro Kihara as representative executive officer of MFG.

Mizuho seeks to remain amongst top 10 global investment banks: report

Investment banking head Naoki Takahashi wants to challenge bulge-bracket banks.