Low interest rates still squeezing Japanese banking profits
Nikkei -- May 16
Japan's five leading banking groups reported a third straight year of shrinking aggregate profit Monday, hampered by the central bank's negative interest rate policy, but the strength of their overseas operations helped stave off a worse result.

Combined net profit fell 3% from the previous year to 2.51 trillion yen ($22 billion) for the five groups, which include Japan's three megabanks as well as Resona Holdings and Sumitomo Mitsui Trust Holdings. Only Sumitomo Mitsui Financial Group saw an increase, with net profit bouncing back 9% to 706.5 billion yen from heavy year-earlier losses on consumer finance operations and foreign shareholdings.

News source: Nikkei
May 29
Japan's Defense Ministry says North Korea launched a missile on Monday morning. Government officials believe it landed within Japan's exclusive economic zone in the Sea of Japan. (NHK)
May 29
Tokyo Metropolitan Police on Sunday apprehended a 21-year-old man in the theft of two diamonds valued at more than 6 million yen from a jewelry store in Taito Ward, reports TV Asahi (tokyoreporter.com)
May 29
Takuma Sato won the 101st running of the Indianapolis 500 on Sunday, becoming the first Japanese driver to triumph in America's iconic race. (Japan Times)
May 29
An ancient ball game known as "kemari" was staged at a major shrine in Nara. The event held at Kasugataisha shrine is named "Manyo-kemari". (NHK)
May 29
The 70th Cannes Film Festival awarded its top prize, the Palme d'Or, to Swedish director Ruben Ostlund for his comedy "The Square". (NHK)
May 29
Billed as a domestically developed version of the Global Positioning System, the Quasi-Zenith Satellite System (QZSS) Michibiki No. 2 satellite will be launched on Thursday from the Tanegashima Space Center in Kagoshima Prefecture. (the-japan-news.com)
May 29
A survey shows that nearly 30 percent of gas stations in sparsely populated areas of Japan are not sure if they will be able to continue their business operations. (NHK)
May 29
While the number of foreign tourists to Japan increases, operators of bathhouses and other such facilities are perplexed, after the government approved a written statement that said access to public bathing facilities should not be restricted just because customers having tattoos, at a Cabinet meeting in February. (the-japan-news.com)
May 28
Tokyo Metropolitan Police on Saturday arrested a 43-year-old man for allegedly shoving a male commuter into a train, leaving him severely injured during an altercation at a station in Chofu City, reports TBS News (tokyoreporter.com)
May 28
Police in Senboku, Akita Prefecture, said a 61-year-old woman was apparently killed by a bear while picking bamboo shoots in the mountains. (Japan Today)