Global systemic importance set to rise for China banks, fall for Japan lenders

Global systemic importance set to rise for China banks, fall for Japan lenders

China’s top four banks are likely to increase their global systemic importance, while Japan‘s megabanks are set to see their global influence decline in coming years as their overseas strategies diverge. Chinese banks are set to become more connected with the world’s financial system in the medium term, driven by cross-border investment flows and offshore use of the Chinese yuan,…
Japanese banks to test digital currency

Japanese banks to test digital currency

A consortium of 74 Japanese firms – including the country’s biggest banks – have set out plans to start testing a private sector digital yen in the coming months. Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group are among the firms from a range of industries backing the tentatively named Digital Currency JPY (DCJPY) project, which…
Japan’s bank lending growth slows, signals easing funding strains

Japan’s bank lending growth slows, signals easing funding strains

Nov bank lending up 0.6% yr/yr vs +0.9% in Oct Slowdown reflects waning corporate fund demand – BOJ Data comes ahead of BOJ’s decision on fate of loan schemes TOKYO, Dec 8 (Reuters) – Japanese bank lending in November rose 0.6% from a year earlier, data showed on Wednesday, slowing from the previous month’s pace in a sign corporate funding…
SBI Holding’s stake in Shinsei Bank nears 48% after tender offer

SBI Holding’s stake in Shinsei Bank nears 48% after tender offer

Online financial group SBI Holdings Inc. has boosted its stake in Shinsei Bank (Finance & Banking Trends), nearing its tender offer’s upper limit of 48 percent and capping off a three-month bid that at one point turned hostile, a rare occurrence in the Japanese financial sector, sources close to the matter said Friday. SBI now plans to apply for approval…
Global systemic importance set to rise for China banks, fall for Japan lenders

Global systemic importance set to rise for China banks, fall for Japan lenders

China’s top four banks are likely to increase their global systemic importance, while Japan‘s megabanks are set to see their global influence decline in coming years as their overseas strategies diverge. Chinese banks are set to become more connected with the world’s financial system in the medium term, driven by cross-border investment flows and offshore use of the Chinese yuan,…
Japan’s bank lending growth slows, signals easing funding strains

Japan’s bank lending growth slows, signals easing funding strains

Nov bank lending up 0.6% yr/yr vs +0.9% in Oct Slowdown reflects waning corporate fund demand – BOJ Data comes ahead of BOJ’s decision on fate of loan schemes TOKYO, Dec 8 (Reuters) – Japanese bank lending in November rose 0.6% from a year earlier, data showed on Wednesday, slowing from the previous month’s pace in a sign corporate funding…
Japan Aims to Force Stablecoin Issuers to Register as Banks: Report – Decrypt

Japan Aims to Force Stablecoin Issuers to Register as Banks: Report – Decrypt

Japan’s Financial Services Agency said on Monday that it seeks to limit the issuance of stablecoins to banks and wire transfer companies in 2022, according to a report by Nikkei Asia. The FSA said limiting the issuance of stablecoins to banks and wire transfer companies will help mitigate risks, as those companies are legally obligated to protect customer assets. This…
Consortium of Japanese firms to test digital currency in coming months, launch in FY2022

Consortium of Japanese firms to test digital currency in coming months, launch in FY2022

A man walks past in front of a sign board of Mitsubishi UFJ Trust and banking Corporation, the asset management unit of Japan‘s Mitsubishi UFJ Financial Group Inc. (MUFG), in Tokyo, Japan July 31, 2017. REUTERS/Issei Kato/Files Register now for FREE unlimited access to reuters.com Register Consortium includes Japan‘s three mega-banks Goal is to distribute digital currency in fiscal 2022…
Gender Bonds Haven’t Been a Big Hit Globally, but a Japanese Bank May Change That

Gender Bonds Haven’t Been a Big Hit Globally, but a Japanese Bank May Change That

Ringing the bell at a gender-equality event, March 2, 2020, above. Gender financial bonds have been around since 2013, but they haven’t exactly flourished. Now a Japanese public development bank’s issuance may change that. LIBBY GREENE/NASDAQ Gender financial bonds to support women have been sold since 2013, but they haven’t exactly taken off like wildfire. Now the Japan International Cooperation…