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 lenders drive Asian bank debt issuance to highest in 2021

Japanese lenders drive Asian bank debt issuance to highest in 2021

Asia-Pacific banks’ aggregate bond issuance in September surged to the highest monthly level so far in 2021, driven primarily by top Japanese lenders taking advantage of low borrowing costs. Banks in Asia-Pacific raised $25.60 billion in bonds in September, beating the previous monthly high of $25.45 billion in April, according to data compiled by S&P Global Market Intelligence. Japanese banks,…
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 eye CLO investments on expectation of Fed rate rise

Japanese banks eye CLO investments on expectation of Fed rate rise

Japanese banks, the largest investors in CLOs outside the U.S., could return to the US$1 trillion market amid a resurgence of supply and rising expectations of an earlier-than-expected liftoff of the federal funds rate. CLOs are floating-rate overseas securitized products backed by multiple loans to borrowers with high leverage and low creditworthiness. Lenders in the world’s third-largest economy are likely…
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…
Japan’s MUFG to exit U.S. retail banking in $8 bln deal with U.S. Bancorp

Japan’s MUFG to exit U.S. retail banking in $8 bln deal with U.S. Bancorp

Signboards of MUFG Bank (Finance & Banking Trends) are seen in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai/Files MUFG selling MUB to U.S. Bancorp for $8 bln Deal includes $5.5 bln in cash, $2.5 bln in shares MUFG to have 2.9% stake in Bancorp TOKYO, Sept 21 (Reuters) – Mitsubishi UFJ Financial Group (MUFG) (8306.T) is pulling back from U.S.…
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…