United Kingdom

Takashi Umekawa

As steep patent cliff looms, Shionogi moves to develop its own U.S. sales staff

17 Jul 2019

TOKYO For much of its 141-year history, Japan's Shionogi & Co Ltd has played safe when selling its drugs in the United States and other overseas markets - relying on bigger partners to promote its products and avoiding the cost of maintaining a large sales force.

UPDATE 2-Japan's Yokohama, Chiba banks tie up to counter low interest rate environment

10 Jul 2019

* Regional banks navigating low rates, ageing population (Adds executive comments, context)

Japan's top two regional banks consider tie-up

09 Jul 2019

TOKYO Bank of Yokohama and Chiba Bank Ltd are considering a business tie-up, the banks said on Tuesday, after the Nikkei newspaper reported that the two regional lenders would form a comprehensive partnership.

Japan's GPIF posts $84 billion profit in fourth-quarter as stock market recovers

05 Jul 2019

TOKYO Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, on Friday reported a profit of 9.1 trillion yen ($84.4 billion) in January-March, swinging from a record loss in the prior quarter, thanks to an upturn in stock markets.

Nomura shareholders vote to keep embattled CEO

24 Jun 2019

TOKYO Japan's Nomura Holdings Inc won shareholder approval on Monday for the re-appointment of its chief executive officer, overcoming concerns about the leaking of market information and its first annual loss in a decade.

UBS looks to Sumitomo Mitsui tie-up to crack Japanese wealth

07 Jun 2019

ZURICH/TOKYO UBS signed a joint venture deal with Sumitomo Mitsui Trust on Friday, aiming to crack a Japanese wealth management market where it has struggled to grow over the last 15 years.

Japanese lender SMFG eyes Philippines, India in Asia growth push

06 Jun 2019

TOKYO Sumitomo Mitsui Financial Group (SMFG) aims to expand its business in Asia and is looking at the Philippines, India and Myanmar for possible future investment, the CEO of Japan's second-largest bank by assets said.

Japan's Mizuho aims to build warchest for Asia fintech investment

03 Jun 2019

TOKYO Mizuho Financial Group aims to build a warchest of several billion dollars in the next five years to target financial technology in Asia, its chief said, as the Japanese megabank looks to chart a different path from its bigger rivals.

Government leaves Nomura out of Japan Post share sale after information leak

31 May 2019

TOKYO Japan on Friday named six investment banks to lead manage a mammoth sale of shares in Japan Post Holdings, leaving out top-ranked Nomura Holdings days after it was disciplined over an information leak.

World News