Japan

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.

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.

Mizuho's 9-month net profit down 35.8% to $3.6B

Mizuho Financial Group's net profit in the April-December 2011 period went down by 35.8 percent to US$3.6 billion.

Japanese invade Aussie banking industry

Three of Japan’s largest banks have begun a campaign to conquer at least 10% of Australia’s lucrative banking industry.

HSBC seen to sell its Japan retail-banking unit

Sources said HSBC Premier could be shut if offers aren’t attractive.

Japanese banks fearful of sanctions on Iran

Japanese banks, already reeling from the country’s massive debt, fear international sanctions on Iran could deliver a “big blow” to their system.

Japanese banks take IMF stress tests to counter future failure

Japan’s burgeoning debt, now equal to about twice the country's annual economic output, focuses sharp attention of the vulnerabilities of Japanese banks.

IMF to test Japanese banks' vulnerability to govt bonds

The IMF is conducting is gauging the vulnerability of Japanese banks to a potential drop in the value of their huge holdings of Japanese government bonds.

Japanese banks on M&A binge in Europe

The strong yen is making Europe a profitable hunting ground for leading Japanese banks bent on mergers & acquisitions.

Sumitomo Mitsui banks on U.S. Treasuries for profits

Running short of viable investment options, Japan’s Sumitomo Mitsui Financial Group will continue investing in U.S. Treasuries to boost profits.