Japan

Bank of Japan to buy $112.55b ETFs for COVID-hit firms

It will also create a loan programme to spur lending to COVID-hit firms.

Bank of Japan to buy $112.55b ETFs for COVID-hit firms

It will also create a loan programme to spur lending to COVID-hit firms.

Tech-Driven Investment Strategy and Research Management Systems: Global Trends and Initiatives in Japan

New technologies are accelerating the modernization of investment strategies and decision-making in capital markets.

SoftBank CEO assures US investors he'll be more cautious

Hedge fund Elliott Management is urging the firm to buy back some $20b of stock.

MUFG-Morgan Stanley joint securities arm axes equities staff

Two managers and few research analysts were let go as a cost-cutting move.

Japan banks' profits, asset quality further battered by COVID-19 outbreak

Lower interest rates and higher credit costs spell more trouble.

Tokyo is banking on foreign fintechs to reinvigorate its financial sector

Fintechs may tap into US$9.07t (¥984t) of individual cash sitting in banks, says the Tokyo Metropolitan Government.

Japan's MUFG hit with first loss in 10 years

It recorded a $236m loss in Q3 due to its core unit’s one-off charge.

Japan's SBI Holdings injects $20m into API software firm OpenLegacy

SBI will use the technology to establish the blockchain-based payment app MoneyTap.

JCB International, Oceanpayment ink joint merchant acquiring business

The JV will allow Oceanpayment to be JCB’s acquiring partner for cross-border payments.

Japan's central bank begins lending ETFs to investors

This is part of its move to enhance market liquidity for the instrument.

Bank of Japan retains policy rate

It maintained its short-term interest rate at -0.1% and the 10-year government yields at 0%.

Deutsche Bank appoints new Japan head of global transaction banking

Rei Motoyama will replace Peter Massion effective 1 January.

How foreign fintechs will buoy Japan's banking sector

They might introduce new business models and solve overcapacity, says a former central bank deputy governor.

Unhedged investments threaten Japan banks' overseas profits

This is expanding into leveraged loans and collateralised loan obligations (CLOs).

Japan banks' profit declines to persist despite overseas expansion

Any gains overseas will not be able to equal the size of domestic assets.

Chart of the Week: APAC non-performing assets to decline further in 2020

This will provide a buffer to declining asset quality of banks in the region.

Japan's online financial firm SBI Holdings buys 20% stake at Fukushima Bank

It plans to create a joint outlet that will offer mutual funds, insurance products, and loans.