TOKYO Japan's Hitachi Ltd has started the formal process for the sale of its $5.6 billion chemical unit with initial bids due in August, people familiar with the matter said, a deal that is expected to draw interest from global private-equity firms.
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.
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.
TOKYO The chief executive of Nomura Holdings will take a 30% pay cut for three months over its improper handling of market information, marking the latest headache for CEO Koji Nagai, as he struggles to turn around the Japanese investment bank.
TOKYO Japan's Nomura Holdings has no plan to follow the lead of Wall Street rivals and seek a tie-up with a commercial lender, its chief executive told Reuters, pledging to stay independent even as the investment bank faces its first annual loss in a decade.
TOKYO Mitsubishi UFJ Financial Group is considering scaling back its bond and equity sales and trading operations in London and New York as part of a broader restructuring of its global markets division, two sources said on Tuesday.
TOKYO Japanese lenders should not blame the Bank of Japan's ultra-loose monetary policy for their inability to boost trading revenue or for poor returns borne of lax risk management, the newly appointed head of the country's banking lobby said.
TOKYO U.S. buyout firm Bain Capital is likely to push back the IPO of Toshiba Memory by around two months, a person with knowledge of the matter said on Wednesday, moving to November what is likely to be one of Japan's biggest listings this year.