Top Japanese banks have long way to go to become as efficient as Asian peers

Top Japanese banks have long way to go to become as efficient as Asian peers

Major Japanese banks will need to consider expanding their income streams more aggressively, as years of cost cutting have yet to improve their efficiency to match their peers in the Asia-Pacific region. Among the 39 largest Asia-Pacific banks by assets, six of the 10 least efficient lenders were Japanese, despite significant year-over-year declines in their cost-to-income ratios for the quarter…
Japanese banks pile into local sovereign debt on hawkish Fed view

Japanese banks pile into local sovereign debt on hawkish Fed view

Japanese banks’ holdings of domestic government bonds could increase for the second straight year following the recent hawkish turn of the U.S. Federal Reserve and continued growth of yen deposits. Some lenders in the world’s third-largest economy started stocking up on 20-year Japanese government bonds, or JGBs, as the yield rose past 0.41% in late August, analysts said. That was…
Japanese regional bank earnings may lose momentum as government support ends

Japanese regional bank earnings may lose momentum as government support ends

Japan‘s regional banks may not be able to sustain the spurt in their income seen in the April-to-June quarter as they need to step up provisioning for potential bad loans after a government support program ended. Japan‘s regional banks, such as The Bank (Finance & Banking Trends) of Kyoto Ltd. and Concordia Financial Group Ltd., are often the primary lenders…
SBI’s Shinsei bid lifts Japan financial shares on consolidation hopes

SBI’s Shinsei bid lifts Japan financial shares on consolidation hopes

By Hideyuki Sano 3 Min Read TOKYO (Reuters) – Japanese financial group SBI Holdings’s unsolicited bid for Shinsei Bank (Finance & Banking Trends) sparked a rally in Japanese financial shares on Friday on hopes it could accelerate further consolidation among struggling Japanese banks. FILE PHOTO: A woman walks past a logo of the Shinsei Bank (Finance & Banking Trends) at…
Japanese regional bank earnings may lose momentum as government support ends

Japanese regional bank earnings may lose momentum as government support ends

Japan‘s regional banks may not be able to sustain the spurt in their income seen in the April-to-June quarter as they need to step up provisioning for potential bad loans after a government support program ended. Japan‘s regional banks, such as The Bank (Finance & Banking Trends) of Kyoto Ltd. and Concordia Financial Group Ltd., are often the primary lenders…
Domestic Shinsei siege blooms from J.C. Flowers

Domestic Shinsei siege blooms from J.C. Flowers

SBI Holdings CEO Yoshitaka Kitao speaks during an interview with Reuters in Tokyo, Japan July 7, 2020. Picture taken July 7, 2020. REUTERS/Junko Fujita/File Photo – RC29MP9ZO5UG HONG KONG, Sept 10 (Reuters Breakingviews) – There’s a fresh sign that Japan’s shareholder spring is slowly blossoming. Online financial supermarket SBI (8473.T) has initiated a surprise siege at rival Shinsei Bank (Finance…
Costs of anti-terror measures weighing on Japan regional banks

Costs of anti-terror measures weighing on Japan regional banks

Many regional financial institutions in Japan have decided to raise fees on overseas remittance in order to cover the growing costs of anti-terrorist financing measures. Since the 2001 terrorist attacks on the United States, international efforts to monitor and combat money laundering and terrorist financing have been repeatedly strengthened. As a result, there has also been an increase in administrative…
After the ‘bazooka’, Bank of Japan dismantles the work of its radical chief

After the ‘bazooka’, Bank of Japan dismantles the work of its radical chief

After years of shock-and-awe stimulus, the Bank (Finance & Banking Trends) of Japan is quietly rolling back radical policies introduced by its bold chief Haruhiko Kuroda and pioneering controversial new measures that blur the lines between central banking and politics. The unwinding of Japan‘s complex policy is driven by Deputy Gov. Masayoshi Amamiya, insiders say, a career central banker considered…
Japanese regional bank earnings may lose momentum as government support ends

Japanese regional bank earnings may lose momentum as government support ends

Japan‘s regional banks may not be able to sustain the spurt in their income seen in the April-to-June quarter as they need to step up provisioning for potential bad loans after a government support program ended. Japan‘s regional banks, such as The Bank (Finance & Banking Trends) of Kyoto Ltd. and Concordia Financial Group Ltd., are often the primary lenders…