Japan
Rising rates lift profitability of Japan’s 77 Bank
The same rising rates will increase the bank’s unrealized losses on its domestic bonds.
Rising rates lift profitability of Japan’s 77 Bank
The same rising rates will increase the bank’s unrealized losses on its domestic bonds.
Japanese banks ‘less reluctant’ to finance hostile takeovers: report
Banks are seeing a rise of deals related to unsolicited bids for corporate takeovers.
16 foreign e-wallets now accepted in Japan through Alipay+
Alipay, KakaoPay, Touch ‘n Go, GCash and TrueMoney are the most popuar.
Japan’s policy rate may rise to 0.25% by end-2025: Fitch
Regional banks will not benefit much from rising interest rates, however.
Mobile tap payments produces least carbon emissions vs cash and ATMs: study
ATMs make up a bulk of carbon emissions, at 7.14g CO2e per transaction.
Japan banks clinch $1.98b boost in interest income after policy shift
But a rise in deposit rates presents risks, analysts warned.
Banks fine but SMEs at risk by Japan's 'historic' policy shift
SMEs may see more challenges from the higher interest rates and higher wages.
Japan exits negative interest rate policy on record wage hikes
With salaries rising by 5.28% on average, the BOJ sees cycle of wages and prices more “solid”.
Strong liquidity, moderate risk to prop up Gunma’s “weak yet improving” profits
Gunma Bank’s problem loan ratio has improved to 1.6%, from 2.3% previously.
BOJ disbursed $66.4b in loans to stimulate bank lending
The outstanding balance of 6 major banks is at $218b.
Mizuho names new deputy group chief information officers
The appointments are effective 1 April.
Japan’s SMFG names new deputy presidents and executive officers
Kanamaru and Koike were both senior managing corporate executive officers.
Japan’s Daishi Hokuetsu Bank faces weak profits, high interest rate risks: Moody’s
Its problem loan ratio deteriorated to 2.23% in a three-year period.
Japan to break free from negative rate policy after wage hike: analyst
The negative rate environment is likely to end in April 2024.
Japan banks’ domestic assets at $9.4t in January
Banks hold an additional US$1.6t of assets in their overseas branches.
JCB offers 10% cashback to Skyliner ticket
Members with a JCB card issued outside of Japan can avail of the cashback.
Norinchukin Bank announces senior leadership changes
The leadership changes are effective 1 April 2024.