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…
Japanese Stocks Set to Get a Leadership Election Bounce

Japanese Stocks Set to Get a Leadership Election Bounce

It can’t do a world leader’s confidence a lot of good when he or she steps down and markets go up. But that’s exactly what has happened in Japan. The hand-picked successor to Japan‘s longest-serving prime minister, Shinzo Abe, has lasted less than a year. Yoshihide Suga, a lifelong bureaucrat, lacks charisma and failed to connect with the Japanese public.…
FACTBOX-Key economic policy stances of Japan’s next PM candidates

FACTBOX-Key economic policy stances of Japan’s next PM candidates

By Reuters Staff 4 Min Read (Updates factbox that ran on Sept 7 with latest Kishida quotes) TOKYO, Sept 8 (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…
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…
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…
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…
Novatek says Japan, China may boost Arctic LNG 2 funding as EU cools

Novatek says Japan, China may boost Arctic LNG 2 funding as EU cools

VLADIVOSTOK, Russia, Sept 3 (Reuters) – Japanese and Chinese banks may provide more funding for Russia’s Arctic LNG 2 project amid a lack of support from European governments, Leonid Mikhelson, head of the project’s major shareholder Novatek (NVTK.MM), said on Friday. Shareholders in Russia’s Novatek this year approved external financing of $11 billion for the Arctic LNG 2 project, which…
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…
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…