TOKYO Japan Post Bank Co Ltd said on Friday it had improperly sold investment trust products to elderly customers in about 19,500 cases, the latest instance of misconduct at the state-backed postal and financial group before a planned share sale.
TOKYO MUFG Bank Ltd plans to roll out an online platform to help clients find business partners in countries outside of Asia where it does not have a strong network, an official with Japan's largest lender said.
TOKYO, Sept 3 Japanese pension funds are showing
a growing appetite for investing in real estate and corporate
debt as they seek higher returns in alternative assets amid
ultra-low yields, the head of Mizuho Financial Group's
trust banking arm said.
TOKYO Japan is considering lowering the 10% ownership threshold at which foreigners are required to report stakes in domestic companies, two officials said, as Tokyo looks to better monitor Chinese investment in areas related to security.
TOKYO Japan's Mitsubishi UFJ Financial Group on Wednesday posted a 24% jump in first-quarter profit, as the sale of foreign bonds and other one-off gains helped it ride out weakness in its core banking business.
* Mizuho booked $6.3 bln impairment loss in previous year
(Adds details of earnings, context)
TOKYO Nomura Holdings on Wednesday said its first-quarter profit soared more than tenfold after restructuring its portfolio, as Japan's top investment bank sought to draw a line under its worst year in a decade.
* Avoided write-down on Indonesian Bank Danamon
(Adds further earnings details, context)
* First-quarter net profit Y216 bln vs Y227 bln a year
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.