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SBI wants to shake up regional banks, hopefully with Suga boost

SBI wants to shake up regional banks, hopefully with Suga boost

Today  05:55 am JST  2 Comments

Japanese financial firm SBI Holdings Inc has ambitions to revive struggling regional banks by taking stakes and pushing them into higher-margin businesses – a strategy that may get a boost from the country’s new prime minister. Although regional lenders are dominant outside of Tokyo and other big cities, many are… READBUSINESS

Mitsubishi UFJ Lease to buy Hitachi Capital in deal worth ¥294 bil

Today  04:45 am JST  0 Comments

Japan’s Mitsubishi UFJ Lease says it will buy smaller rival Hitachi Capital Corp in a deal calculated at 294 billion yen ($2.8 billion). The two companies formed a capital alliance in 2016 and had been negotiating a merger since, they said in a joint statement. The deal would help the… READBUSINESS

Tokyo stocks end higher on tech gains after Wall St rebound

Sep. 25  04:00 pm JST  8 Comments

Tokyo stocks ended higher Friday led by technology shares following an overnight rebound on Wall Street driven by their U.S. counterparts. The 225-issue Nikkei Stock Average ended up 116.80 points, or 0.51 percent, from Thursday at 23,204.62. The broader Topix index of all First Section issues on the Tokyo Stock… READPayPay is introducing a new way to workAre you looking for a position that offers a truly flexible work environment?Learn More

BUSINESS

Top Toshiba investor calls for inquiry in widening votes scandal

Sep. 25  06:32 am JST  17 Comments

Toshiba Corp’s top investor has called for an investigation of a botched meeting in July at which it says several shareholders were deprived of their vote, a letter to the Japanese conglomerate’s board seen by Reuters shows. What began as a problem at Toshiba has widened into a larger scandal… READBUSINESS

Over 1,300 firms in Japan hit by mishandling of shareholders’ votes

Sep. 25  06:00 am JST  7 Comments

Some vote-counting was not properly carried out for shareholders’ meetings at 1,346 firms in Japan, despite the postal delivery of voting forms by deadlines, Sumitomo Mitsui Trust Bank and Mizuho Trust & Banking said Thursday. The findings, affecting about a third of listed companies that held shareholders’ meetings between May… READ

BUSINESS

Sri Lanka scraps $1.5 bil Japan-funded light rail system

Sep. 25  05:30 am JST  22 Comments

Sri Lanka’s president has ordered the termination of a $1.5-billion Japanese-funded light rail project, saying it is not a “cost-effective solution” for the congested capital Colombo, officials said Thursday. The deal signed under the previous government is the largest single foreign-funded infrastructure project in Sri Lanka, and was seen as… READ

BUSINESS

China auto show forging ahead under anti-virus controls

Sep. 25  05:01 am JST  0 Comments

The first event for the CEO of Swedish electric car brand Polestar at this month’s Beijing auto show: A two-week quarantine in a hotel. The auto show, the first major in-person sales event for any industry since the coronavirus pandemic began, opens Saturday in a sign the ruling Communist Party… READ

BUSINESS

JAL, ANA to resume some China flights as virus rules eased

Sep. 24  06:45 pm JST  11 Comments

All Nippon Airways Co and Japan Airlines Co said Thursday they will soon resume some of the flights to China that they suspended after the outbreak of the coronavirus pandemic. The moves come as Chinese authorities eased restrictions on flights, the two carriers said. The virus was initially detected in… READBUSINESS

Nearly 36,000 Japanese firms shut down business due to COVID-19

Sep. 24  06:00 am JST  22 Comments

Nearly 36,000 Japanese companies have chosen to discontinue their business so far this year, mainly due to the hit from the coronavirus crisis and up sharply from a year ago in a sign of the pain the pandemic is inflicting on the fragile economy. The total number of companies closing… READBUSINESS

Kuroda says BOJ may extend deadline for aid to pandemic-hit firms

Sep. 24  05:50 am JST  1 Comment

Bank of Japan Governor Haruhiko Kuroda said Wednesday the central bank was ready to extend its programs aimed at easing corporate funding strains that expire early next year, as the coronavirus pandemic keeps the economic outlook highly uncertain. He also reiterated the BOJ’s resolve to work closely with the government… READNextLearn Japanese with Kumon Now!Now is the time to get a head start on your Japanese studies while at home.Apply Now

Recent Comments

Graham DeShazo
Today  02:05 pm JST

Take away the MQE, and the whole house of cards falls. I’m not saying it’s not necessary. I’m saying calling…

Posted in: Tokyo stocks end higher on tech gains after Wall St rebound

bearandrodent
Today  11:07 am JST

My data is slightly dated, but Japan had between 100 and 120 regional banks (my recollection is 2010-15). The big…

Posted in: SBI wants to shake up regional banks, hopefully with Suga boost

JeffLee
Today  07:54 am JST

There is no economic reason for the market to be this high other than artificial, massive government intervention. The same…

Posted in: Tokyo stocks end higher on tech gains after Wall St rebound

kurisupisu
Today  06:49 am JST

“higher-margin businesses” Where the bank takes more of the customers’ money for the chance to invest in high risk investments…

Posted in: SBI wants to shake up regional banks, hopefully with Suga boostView all

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