Japan
Japan's banks exposed to higher property risk as buffers dwindle
Property prices may collapse if supply exceeds actual demand.
Japan's banks exposed to higher property risk as buffers dwindle
Property prices may collapse if supply exceeds actual demand.
MUFG sees surge in firms needing COVID-related funding
Cash flow is evidently becoming a problem for Japanese companies.
No rate cut for Japan's embattled banking industry
The central bank is already constrained by its negative interest rate policy.
Bank of Japan to buy $112.55b ETFs for COVID-hit firms
It will also create a loan programme to spur lending to COVID-hit firms.
Tech-Driven Investment Strategy and Research Management Systems: Global Trends and Initiatives in Japan
New technologies are accelerating the modernization of investment strategies and decision-making in capital markets.
SoftBank CEO assures US investors he'll be more cautious
Hedge fund Elliott Management is urging the firm to buy back some $20b of stock.
MUFG-Morgan Stanley joint securities arm axes equities staff
Two managers and few research analysts were let go as a cost-cutting move.
Japan banks' profits, asset quality further battered by COVID-19 outbreak
Lower interest rates and higher credit costs spell more trouble.
Tokyo is banking on foreign fintechs to reinvigorate its financial sector
Fintechs may tap into US$9.07t (¥984t) of individual cash sitting in banks, says the Tokyo Metropolitan Government.
Japan's MUFG hit with first loss in 10 years
It recorded a $236m loss in Q3 due to its core unit’s one-off charge.
Japan's SBI Holdings injects $20m into API software firm OpenLegacy
SBI will use the technology to establish the blockchain-based payment app MoneyTap.
JCB International, Oceanpayment ink joint merchant acquiring business
The JV will allow Oceanpayment to be JCB’s acquiring partner for cross-border payments.
Japan's central bank begins lending ETFs to investors
This is part of its move to enhance market liquidity for the instrument.
Bank of Japan retains policy rate
It maintained its short-term interest rate at -0.1% and the 10-year government yields at 0%.
Deutsche Bank appoints new Japan head of global transaction banking
Rei Motoyama will replace Peter Massion effective 1 January.
How foreign fintechs will buoy Japan's banking sector
They might introduce new business models and solve overcapacity, says a former central bank deputy governor.
Unhedged investments threaten Japan banks' overseas profits
This is expanding into leveraged loans and collateralised loan obligations (CLOs).