In response to the Bank of Japan's decision to end its negative interest rate policy and implement the first interest rate hike in 17 years, the three major Japanese banks have announced an increase in deposit interest rates.
The Nikkei average stock price is nearing its all-time high from 34 years ago. We compare the "bubble period" with today and explore the impact on daily life.
As concerns mount over aging infrastructure across Japan, six major companies including JR West, the NTT Group, and megabanks have decided to launch a new business to support local governments, by encouraging cooperation between multiple municipalities and assisting with fundraising.
Starting February, Japan's major banks have announced an increase in fixed mortgage rates, reflecting the rise in long-term interest rates.
Private companies are expected to exceed last year's winter bonuses for the third consecutive year, according to four private research firms, with an average payout per person rising between 2.1% to 2.5%.
Sumitomo Mitsui Banking Corporation will soon raise the interest rate on 10-year term deposits from the current 0.002% to 0.2%, a 100-fold increase, following a similar move by Mitsubishi UFJ.
Binance Japan and Mitsubishi UFJ Trust Bank (MUTB) are partnering to create new stablecoins pegged to major currencies, including the Japanese Yen and the U.S. Dollar, according to a statement released on Tuesday. (MSN)
All four major Japanese banks will raise rates on 10-year fixed rate home loans from September, it was announced on Thursday.
The chief executive officers of Japan’s deal-hungry megabanks are earning a fraction of their global peers, showing how the nation still frowns upon outsized pay packages even with profits forecast near a record. (themalaysianreserve.com)
Japan stepped up efforts to bolster its chip industry on Monday, with a government-backed fund agreeing to buy semiconductor materials maker JSR Corp (4185.T) for about 909.3 billion yen ($6.4 billion). (Reuters)
INVESTOR activist group Market Forces and other environmental nonprofits filed shareholder proposals with several Japanese megabanks and utilities, seeking to require them to disclose more specific plans on how they will work to meet climate targets set by the Paris Agreement. (Business Mirror)
Mizuho Financial Group and messenger app Line are preparing to abandon plans to develop smartphone-based Line Bank, Nikkei learned on Wednesday, after cost overruns and delays allowed competitors to hit the market first. (Nikkei)
As Elon Musk makes dramatic changes to Twitter following his $44 billion acquisition, Japanese banks that cofinanced the deal find themselves with little choice but to go along for the ride. (Nikkei)
Japan's Mizuho Financial Group restored services to corporate customers by around noon on Monday, a spokesperson said, a few hours after clients were unable to access some online services. (CNA)
Japan's decision to loosen border controls is expected to buoy an economy facing headwinds, as inbound tourism recovers with the aid of a weak yen. (Nikkei)
Japan's major opposition Nippon Ishin Japan Innovation Party has picked co-head Baba Nobuyuki as its new leader. (NHK)
Japan's three megabanks are facing growing earnings pressure after posting mixed results in the fiscal first quarter amid slowing capital market activity, rising U.S. interest rates and the ongoing effects of the COVID-19 pandemic. (spglobal.com)
The government said Tuesday it will appoint Hajime Takata, an economist who has warned of the side effects of bold monetary easing, and Naoki Tamura, a veteran banker, as board members at the Bank of Japan. (Nikkei)
Bidding for a government-owned office property in Tokyo shows that the country's real estate market is still going strong, thanks to a weak currency and ultralow interest rates that have drawn both foreign and domestic investors eyeing healthy returns. (Nikkei)
The Bank of Japan may have been saddled with as much as 600 billion yen ($4.4 billion) in unrealized losses on its Japanese government bond holdings earlier this month, as a widening gap between domestic and overseas monetary policy pushed yields higher and prices lower. (Nikkei)
Mizuho Research Institute Chairman and former Japanese Vice Finance Minister for International Affairs Takehiko Nakao discusses the weakness in the yen, the Japanese economy and what he thinks the BOJ should do. (Bloomberg Markets and Finance)
The yen's rapid decline coupled with soaring crude oil prices are expected to raise the expenses of the average Japanese household by 60,000 yen ($468) this year, private-sector estimates show. (Nikkei)
Japan's top banks face the prospect of having to set aside billions of dollars in loss provisions for their exposure to Russia as the declining ruble and the financial turmoil there raise default risks. (Nikkei)
Mizuho Financial Group is working with Google to transform its operations to keep pace with changing customer demand and repair reputational damage caused by IT-related shortfalls. (computerweekly.com)
Japan's financial regulator will introduce new capital requirements for large banks, known as Basel III, two years later than originally planned, Nikkei has learned. (Nikkei)

























