Mitsubishi UFJ Bank Offers 10,000 Yen Cashback for New Accounts via Smartphone

Jun 08, 2024 | News On Japan

TOKYO - In an effort to attract new deposits in the "world of interest," Mitsubishi UFJ Bank is launching a campaign offering a 10,000 yen cashback for new account openings via smartphones.

The cashback is available to the first 30,000 customers who open a new account through the smartphone app and make a fixed deposit of 100,000 yen or more between June 10 and the end of September.

Existing Mitsubishi UFJ Bank account holders are not eligible for this campaign.

If the conditions are met, 10,000 yen will be deposited into the newly opened account.

With the Bank of Japan lifting negative interest rates in March and the "world of interest" returning, banks are fiercely competing to attract deposits by significantly increasing interest rates on fixed deposits.

Source: ANN

Japan Swelters as Tokyo Heatstroke Cases Hit Record Pace

Disaster-level heat gripped much of Japan on July 22, with temperatures of 40 C forecast in parts of the Kanto and Tokai regions and heatstroke alerts issued for 41 prefectures from Okinawa to Tohoku.

RansomHouse Claims Responsibility for Cyberattack on Nichirei

The hacker group known as RansomHouse has claimed responsibility for a cyberattack on frozen food giant Nichirei that delayed shipments and disrupted restaurants and supermarkets across Japan.

Climbers Flock to Mount Fuji Despite Disaster-Level Heat

Large numbers of climbers headed to Mount Fuji on July 22 despite disaster-level heat that pushed temperatures to 40 degrees Celsius or higher in parts of Japan, while a series of rescues highlighted the risks of exhaustion, inadequate footwear and hypothermia during the peak summer climbing season.

Mount Fuji Filmed From a Helicopter

Breathtaking 4K footage filmed from a helicopter offers a sweeping aerial view of Mount Fuji and its majestic surrounding landscape.

Japan Scrambles for Oil

A covert network of shuttle tankers is carrying crude through the increasingly dangerous Strait of Hormuz as renewed fighting between the United States and Iran disrupts shipping and raises concerns over how Japan will secure the oil it needs.

MEDIA CHANNELS

MORE Business NEWS

Can Japan Revive Its Manufacturing Dominance with Physical AI?

Japanese companies and the government are stepping up efforts to develop domestically produced humanoid robots as Chinese manufacturers dominate the rapidly expanding physical AI market, with Nvidia CEO Jensen Huang predicting that the next industrial revolution will take place in Japan.

Nikkei Slips as Yen Weakness and Oil Prices Cap AI Rebound

Tokyo stocks ended mixed on July 22, with the Nikkei 225 closing at 66,115.60, down 116.59 points, or 0.17%, as early buying in semiconductor and artificial intelligence-related shares faded in the afternoon while a weaker yen and higher oil prices kept inflation concerns in focus.

Yen Slides on Escalating Middle East Fears

The yen weakened beyond 163 to the dollar as fears of a further deterioration in the Middle East fueled safe-haven demand for the U.S. currency, pushing Japan's currency to its lowest level in about 39 and a half years.

Nikkei Rebounds as Bargain Hunters Return to AI Shares

Tokyo stocks rebounded sharply on July 21 as investors bought back semiconductor and artificial intelligence-related shares after last week’s steep selloff, while attention shifted to upcoming U.S. technology earnings and the government’s new economic policy roadmap.

Oil Surge Tests Tokyo Markets on Marine Day Holiday

Japanese cash equities were closed for Marine Day on July 20, leaving investors to assess whether Tokyo can stabilize after last week’s technology-led rout as oil prices rose above $90 a barrel, the yen remained near four-decade lows and global markets braced for another test of the artificial intelligence trade.

Apple Hikes iPhone Prices in Japan

Apple has raised prices for iPhones sold in Japan, with the top-end iPhone 17 Pro Max now costing more than 210,000 yen, as the prolonged weakness of the yen increases the local cost of products priced and managed in US dollars.

Mexican Crude Oil Arrives in Japan After 70-Day Voyage

A tanker carrying about 1 million barrels of Mexican crude oil arrived off Yokkaichi, Mie Prefecture, on the morning of July 17, marking Japan's first such delivery since the Strait of Hormuz was effectively closed.

Nikkei Enters Correction as Chip Rout Deepens

Tokyo stocks plunged on July 17 as a global selloff in semiconductor and artificial intelligence-related shares pushed the Nikkei 225 into correction territory, while Middle East tensions, higher oil prices and persistent yen weakness added to pressure on investors.

< 2 3 4 5 >