Japan

This will provide a buffer to declining asset quality of banks in the region.

It plans to create a joint outlet that will offer mutual funds, insurance products, and loans.

Total card payments value will hit over $750b by 2022, according to analysts.

It is renamed Digital Wallet Philippines.

The banks' capital and liquidity positions will be evaluated.

A crisis or similar shock would lead to downturns more impactful than the GFC.

Majority of the loans are financing coal projects in India, Indonesia and Vietnam.

The Emerging Mobile Investment Service Launched in Japan LINE Corporation launches the LINE Securities, a mobile investment service, August 20, 2019. Based on the joint venture agreement to form a business partnership to pursue financial businesses focused on the securities business, LINE Financial Corporation ("LINE Financial") and Nomura Holdings Inc. ("Nomura") established LINE Securities Preparatory Corporation on June 1, 2018.

Total headcount fell to 223,778 by end-March.

Digital innovation initiatives are gathering speed at financial institutions around the world. This was made further evident by the Celent Model Bank awards announced in April 2019. The awards recognized 22 projects from 30 countries, and all were initiatives that feature digital elements and innovation.

The average wage of 102 listed banks and insurers dropped 1.4% since 2016.

Bank of Yokohama and Chiba Bank’s agreement include retail banking, database marketing and M&As.

The first section of this two-part commentary was published here. 

Sumitomo Mitsui Trustbank received approval to operate an information bank. Japanese banks are entering a new era as they go into personal info brokering, The Asahi Shimbun reports. The government-backed Japan Federation of IT Associations has given the green light for Sumitomo Mitsui Trustbank and Felica Pocket Marketing, a subsidiary of retailer Aeon Co., to operate a data brokerage service that will allow them to establish an information bank that will buy and sell customers' personal data. Under the service, the company will receive data from customers such as their name, purchase history and health-related information, in trust. Upon customer consent, the bank will provide data to companies that are eyeing to develop new products. Similar to the bank's practice of paying interest on a deposit, customers who shared their information will be compensated with cash, coupons or bank services.

The share of real estate in total loans hit a record high 16%, thanks to regional lenders. Regional banks in Japan have been boosting their exposure to firms with higher credit risks and to the real estate sector as they battle against declines in domestic loan yields, Moody’s said in a report. As a result, regional banks have been leading systemwide loan growth, boosting loans faster than deposits. “Some regional banks' strategy is to boost what they classify as ‘middle-risk’ loans to small and medium-sized enterprises (SMEs) that rank on the lower end of creditworthiness,” the report said.

More than half of lenders based in Chugoku, Koshinetsu, Shikoku and Tohoku earned less revenue.