Japan’s Banking Sector Making Gradual Progress in Fight Against Climate Change

Japan’s Banking Sector Making Gradual Progress in Fight Against Climate Change

By Alexander Jones, International Banker Following in the footsteps of other major central banks escalating their efforts to combat climate change, the Bank (Finance & Banking Trends) of Japan (BoJ) unveiled a new strategy in mid-July to expand funding for activities engaged in this ongoing fight. The scheme aims to support those Japanese financial institutions that extend funding to energy-transition…
Trading in Japanese government bonds is drying up. Does that matter?

Trading in Japanese government bonds is drying up. Does that matter?

NOBODY BOUGHT Japan’s ten-year government bond in over-the-counter trading on August 3rd. Such a lull in the world’s second-largest market for sovereign bonds would once have been remarkable. But in fact this was not even the first time activity dried up. Once-frenetic trading desks in Tokyo have fallen silent over the past half-decade. Listen to this story Your browser does…
Iran urges Japan to release billions in blocked funds amid U.S. sanctions

Iran urges Japan to release billions in blocked funds amid U.S. sanctions

Iran’s Foreign Minister Mohammad Javad Zarif and Japanese Foreign Minister Toshimitsu Motegi ​bump elbows during a meeting in Tehran, Iran August 22, 2021. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS DUBAI, Aug 22 (Reuters) – Iran’s President Ebrahim Raisi called on Japan to release Iranian funds frozen in the country because of U.S. sanctions, Iranian state TV reported after…
Japan’s Mizuho suffers another glitch hitting branches nationwide

Japan’s Mizuho suffers another glitch hitting branches nationwide

Mizuho Bank (Finance & Banking Trends)‘s signboard is pictured in Tokyo, Japan, Jan. 25, 2017. REUTERS/Kim Kyung-Hoon Glitch affected branches of banking, trust bank units Latest tech trouble at Japan‘s No.3 lender Bank (Finance & Banking Trends) touted tech investments before series of outages TOKYO, Aug 20 (Reuters) – Mizuho Financial Group’s (8411.T) main banking unit suffered a system glitch…
Japan’s biggest bank MUFG doubles quarterly profit as credit costs drop

Japan’s biggest bank MUFG doubles quarterly profit as credit costs drop

People queue inside a branch of the Mitsubishi UFJ (MUFJ) Financial Group’s bank of Tokyo-Mitsubishi UFJ in Tokyo, Japan, February 1, 2016. REUTERS/Yuya Shino/File Photo Q1 net profit at 383.1 bln yen vs 183.5 bln year earlier Credit costs at 5.1 bln yen vs 145 bln yen year earlier Keeps full-year net profit forecast at 850 bln yen TOKYO, Aug…
Coinbase Names Mitsubishi UFJ as Banking Partner in Japan – CoinDesk

Coinbase Names Mitsubishi UFJ as Banking Partner in Japan – CoinDesk

U.S. cryptocurrency exchange Coinbase is forming a partnership with one of Japan’s largest banks to launch Coinbase Japan as part of a larger effort to expand worldwide. Mitsubishi UFJ Financial Group (MUFG), a bank with more than 40 million Japanese customers, will provide “MUFG Quick Deposit” for Coinbase’s local users, according to a blog post on Wednesday, The move into…
Asian banks ramp up regional expansion drives

Asian banks ramp up regional expansion drives

Banks in developed Asian economies are increasingly looking to acquire stakes and broaden their franchises in emerging economies around the region, as they contend with saturated local markets, low interest rates and constrained domestic growth prospects. Leading banks in Japan, South Korea and Singapore have stepped up their offshore expansion strategies over the past few years, according to the report…
Japanese technology giant Glory backs shared banking hubs startup OneBanks

Japanese technology giant Glory backs shared banking hubs startup OneBanks

Japanese technology group Glory is to become a cornerstone investor in OneBanks, a UK startup which has developed a low cost pop up kiosk which could replace bank branches in towns and communities where conventional bank branches have all but disappeared. With banks progressively moving away from the High Street, the idea of creating shared banking hubs to maintain localised…
Japan’s biggest bank MUFG doubles quarterly profit as credit costs drop

Japan’s biggest bank MUFG doubles quarterly profit as credit costs drop

People queue inside a branch of the Mitsubishi UFJ (MUFJ) Financial Group’s bank of Tokyo-Mitsubishi UFJ in Tokyo, Japan, February 1, 2016. REUTERS/Yuya Shino/File Photo Q1 net profit at 383.1 bln yen vs 183.5 bln year earlier Credit costs at 5.1 bln yen vs 145 bln yen year earlier Keeps full-year net profit forecast at 850 bln yen TOKYO, Aug…