Edition:
United Kingdom

Takashi Umekawa

Japan's MUFG replaces CEO after one year, digital chief to take helm

17 Jan 2020

TOKYO Mitsubishi UFJ Financial Group Inc on Friday said it was replacing its CEO with its digital chief after one year, a rare move that illustrates the deepening urgency at Japan's biggest bank about the rise of fintech.

Heads of Japan Post group resign over improper insurance sales

27 Dec 2019

TOKYO The heads of Japan Post Holdings Co Ltd and two affiliates said on Friday they will resign over the improper sales of insurance policies, after the regulator announced administrative punishments against the companies.

Nomura sees hope in advisory, underwriting as rates stay low, society ages - outgoing CEO

27 Dec 2019

TOKYO Nomura Holdings cannot escape an ageing society or low interest rates, but the Japanese investment bank might be able to wring more money out of advisory and underwriting as it grapples with the long-term "megatrends", its outgoing chief executive said.

Japan ruling party lawmaker arrested on casino bribery suspicion - prosecutors

25 Dec 2019

TOKYO Japanese authorities arrested ruling party lawmaker Tsukasa Akimoto on Wednesday on suspicion of accepting bribes from a company interested in setting up a casino in Japan, Tokyo prosecutors said.

SoftBank's $3 billion WeWork financing talks stall with Japan banks - sources

23 Dec 2019

TOKYO SoftBank Group Corp's talks to secure $3 billion (2.3 billion pounds) from Japan's three biggest banks have stalled as the lenders have hit internal lending limits to the firm, two people said, complicating a $9.5 billion rescue package for WeWork.

UPDATE 1-Japan Post Insurance improper sales reach 12,836 cases -investigation committee

18 Dec 2019

* Comes as government plans $10 bln sale of parent's shares (Adds previous disclosure, Japan Post Bank disclosure, government share sale, Nikkei report on improvement order, quote)

Japan's SMFG brokerage arm plans to set up wholly-owned firm in China: CEO

16 Dec 2019

TOKYO The brokerage arm of Japan's Sumitomo Mitsui Financial Group Inc is planning to start a wholly-owned firm in China, its chief executive said, as the country sets out to open up its vast financial sector in 2020.

SMFG aims to expand into brokerage, consumer finance in Asia - CEO

12 Dec 2019

TOKYO, Dec 13 Japan's Sumitomo Mitsui Financial Group Inc (SMFG) plans to expand into brokerage and consumer finance banking businesses in Asia to offset the impact of slow economic growth at home, its chief executive told Reuters.

Japan's markets watchdog recommends $22 million fine for Nissan over Ghosn pay

10 Dec 2019

TOKYO Japan's markets watchdog said on Tuesday it has recommended that Nissan Motor Co Ltd be fined about 2.4 billion yen (17.15 million pounds) over the underreporting of former chairman Carlos Ghosn's compensation.

World News