Japan’s SMFG, Mizuho post surge in first-half profit as credit costs ease

Japan’s SMFG, Mizuho post surge in first-half profit as credit costs ease

Mizuho Bank (Finance & Banking Trends)‘s signboard is pictured in Tokyo, Japan, January 25, 2017. Picture taken January 25, 2017. REUTERS/Kim Kyung-Hoon TOKYO, Nov 12 (Reuters) – Two of Japan‘s megabanks, Sumitomo Mitsui Financial Group Inc (SMFG) and Mizuho Financial Group Inc, on Friday reported a surge in first-half profit as the economy ravaged by the COVID-19 pandemic recovered and…
Japan’s Mitsubishi UFJ considers sale of U.S. banking arm -report

Japan’s Mitsubishi UFJ considers sale of U.S. banking arm -report

A man walks past a signboard of Mitsubishi UFJ Financial Group and MUFG Bank (Finance & Banking Trends) at its headquarters in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai TOKYO, Sept 17 (Reuters) – Mitsubishi UFJ (8306.T) is considering selling its U.S. banking arm MUFG Union Bank (Finance & Banking Trends), Bloomberg reported on Friday, in what would mark a…
Japan’s Mitsubishi UFJ considers sale of U.S. banking arm -report

Japan’s Mitsubishi UFJ considers sale of U.S. banking arm -report

A man walks past a signboard of Mitsubishi UFJ Financial Group and MUFG Bank (Finance & Banking Trends) at its headquarters in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai TOKYO, Sept 17 (Reuters) – Mitsubishi UFJ (8306.T) is considering selling its U.S. banking arm MUFG Union Bank (Finance & Banking Trends), Bloomberg reported on Friday, in what would mark a…
Japan’s Mitsubishi UFJ considers sale of U.S. banking arm -report

Japan’s Mitsubishi UFJ considers sale of U.S. banking arm -report

A man walks past a signboard of Mitsubishi UFJ Financial Group and MUFG Bank (Finance & Banking Trends) at its headquarters in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai TOKYO, Sept 17 (Reuters) – Mitsubishi UFJ (8306.T) is considering selling its U.S. banking arm MUFG Union Bank (Finance & Banking Trends), Bloomberg reported on Friday, in what would mark a…
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…
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…
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…
Factbox: Key economic policy stances of Japan’s next PM candidates

Factbox: Key economic policy stances of Japan’s next PM candidates

TOKYO, Sept 7 (Reuters) – Japanese Prime Minister Yoshihide Suga, his support ratings in tatters ahead of a general election, said last week he would step down, setting the stage for his replacement as premier and heightening uncertainty on the outlook for economic policy. Below are the key economic policy views of candidates to become Japan‘s next prime minister. FUMIO…
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…
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…