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Bank of Tokyo-Mitsubishi UFJ names deputy president as new chief

via The Japan Times    May 25, 2017

The Bank of Tokyo-Mitsubishi UFJ said Deputy President Kanetsugu Mike will be promoted to president on June 14, replacing Takashi Oyamada who assumed the position ...

Moody’s cuts China’s rating on debt fears

via The Japan Times    May 24, 2017

People walk by an electronic board displaying stock trading indexes at a brokerage house in Beijing on Wednesday. | AP

Moody’s on Wednesday slashed China’s credit rating for the first time in almost three decades citing concerns about the country’s rising debt and slowing growth, but Beijing rejec...

Daiwa Securities not forming capital ties with banks, president says

via The Japan Times    May 22, 2017

Seiji Nakata | BLOOMBERG

Daiwa Securities Group Inc. has no plans to form a capital alliance with a major banking group, President and Chief Executive Officer Seiji Nakata, said in a recent interview. No capital alliance w...

‘Shadow Brokers’ threatens to release more cyber attack tools

via The Japan Times    May 18, 2017

Staffers monitor the spread of ransomware cyberattacks at the Korea Internet and Security Agency in Seoul on Monday. | AFP-JIJI

The mysterious “Shadow Brokers” group, which leaked the stolen hacking tool used in last week’s global cyberattacks, is threatening to release more such tools next month. In a tau...

Eyeing demographic shift, banks step up English services

By Kazuaki Nagata
- via The Japan Times    May 18, 2017

Some Japanese banks are beefing up services to make them more friendly to English-speaking residents. | KAZUAKI NAGATA

When starting out in a new country, having a bank account is essential, but choosing a bank can be difficult without being familiar with banking systems or speaking the local language. For that rea...

Putin points finger at U.S. intel as cyberattacks ease but threat of repeat looms

via The Japan Times    May 16, 2017

White House Homeland Security Advisor Tom Bossert speaks to reporters about the global 'WannaCry' ransomware cyberattack, prior to the daily briefing at the White House in Washington Monday. | REUTERS

The world’s biggest ransomware attack leveled off on Monday after wreaking havoc in 150 countries and causing political acrimony, with Russian President Vladimir Putin blaming U.S. intelligen...

Fiscal 2016 profits off for four big Japan banks amid low rates, Toshiba woes

via The Japan Times    May 16, 2017

Four of Japan’s five major banking groups posted lower profits for the year through March 31 due largely to the worsening business performance of major borrower Toshiba Corp. and extremely lo...

Native Americans raising profile trying, with little luck, to get banks to divest of pipelines

via The Japan Times    May 15, 2017

Protesters hold a rally last October in the lobby of the Wells Fargo Center building in Salt Lake City in support of the Standing Rock Sioux against the Dakota Access pipeline. Opposition to the four-state Dakota Access oil pipeline has boosted efforts to persuade banks to stop supporting projects that might harm the environment or tread on indigenous rights. | AL HARTMANN / THE SALT LAKE TRIBUNE / VIA AP, FILE

Opposition to the Dakota Access oil pipeline has persuaded some banks to stop supporting projects that might harm the environment or tread on indigenous rights, but calling the divest movement a su...

Japan Post logs ¥29 billion net loss; first since privatization

via The Japan Times    May 15, 2017

Masatsugu Nagato | BLOOMBERG

Japan Post Holdings Co. logged a group net loss of ¥28.98 billion for fiscal 2016, its first red ink since its privatization in 2007, due to a massive write-down of its Australian logistics ar...

China, U.S. reach trade agreement over beef, poultry, natural gas imports and exports

via The Japan Times    May 13, 2017

U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, shake hands during dinner at the Mar-a-Lago estate in Palm Beach, Florida, on April 7. | AFP-JIJI

Beijing will open its borders to U.S. beef, while cooked Chinese poultry is closer to landing on American supermarket shelves under a U.S.-China trade agreement. Trump administration officials hail...

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