Japan
Citi names Akira Hoshino as head of markets for Japan
Citi names Akira Hoshino as head of markets for Japan
Hoshino was head of FX and has led Citi’s rates sales since 2022.
SBI Shinsei Bank outlook stable despite $2.2b repayment deal
On 7 March, it agreed to repay JPY330b in public funds to the Japanese government.
SMBC Aviation Capital receives $445m settlement for terminated Russian contracts
SMBC expects to record equity gains of affiliated companies amounting to $250m.
MUFG acquires 9.98 million shares in JACCS
MUFG sees JACCS as a core company in its consumer finance strategy.
SMBC, Nomura to issue digital bond with new settlement scheme
They are also working on a proof of concept for settlement of securities using digital currency.
Nomura setting up fourth banking division
Regulatory authorities likely guided it to set up a separate banking division.
Nomura Securities establishes Sustainable Innovation Investment Scheme
It will provide financial advice and financial services to support transition and innovation.
Nomura withdraws from Net-Zero Banking Alliance
MUFG and Mizuho remains signatories.
Japan's financial institutions report $4.28t in loans as of Feb 2025
It is a 3.1% increase from the same month last year.
Smartpay, Chubb launch embedded insurance in Japan
Cashless payments account for 50% of consumer monthly spending in Japan.
Nomura’s profitability, earnings stability strengthen through 2025
Enhanced risk management will reduce risk of losses and earnings volatility.
MUFG Bank to invest in life sciences investment fund
The fund aims to establish startups as well as develop and launch new drugs.
Norinchukin names new CEO, establishes new senior director roles
Its research and asset management leaders are nominated as Director and Senior Managing Officers.
Japan Post Bank’s net income up 17% to $2.05b in Q3 FY2025/3
Net income per share is JPY85.26.
Mizuho Bank, GenZero ink MOU for transition credit-use
They aim to develop capital raising mechanisms that use the credits.
Sumitomo Mitsui unveil Grantee Introduction Services
Customers will be connected to entities and institutions that support education.
Norinchukin Bank enhances CET-1, Tier 2 capital
The move comes with “strong support” from its member cooperatives, the Japanese bank said.
Commentary
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