The veteran head of markets at one of Japan’s largest banks sees the potential for the central bank to raise benchmark interest rates to a three-decade high of 2% if economic trends persist. https://www.japantimes.co.jp/business/2025/03/25/companies/sumitomo-mitsui-boj-rate-prediction/?utm_medium=Social&utm_source=mastodon #business #companies #sumitomomitsui #boj #inflation #kazuoueda #japaneseeconomy
Sumitomo Mitsui Financial Group will leave the banking industry’s main climate-finance alliance, the first major Japanese lender to join an exodus led by institutions from Wall Street and Canada. https://www.japantimes.co.jp/business/2025/03/04/companies/sumitomo-mitsui-climate-group-exit/?utm_medium=Social&utm_source=mastodon #business #companies #sumitomomitsui #banks #climatechange
A former Sumitomo Mitsui Trust Bank division manager dismissed for insider trading is suspected of committing the illegal practice at least since he was in a deputy post in 2022, sources say. https://www.japantimes.co.jp/news/2025/02/06/japan/crime-legal/sumitomo-mitsui-insider/?utm_medium=Social&utm_source=mastodon #japan #crimelegal #sumitomomitsui #corruption #banks #sesc #japanesecourts
Mitsubishi UFJ Financial Group’s profit jumped in the third quarter, beating estimates and wrapping up a strong earnings season by Japan’s biggest banks. https://www.japantimes.co.jp/business/2025/02/04/companies/mufg-profit-up/?utm_medium=Social&utm_source=mastodon #business #companies #mufg #banks #mizuho #sumitomomitsui
Sumitomo Mitsui Financial Group’s profit rose more than analysts estimated in the fiscal third quarter, as the Bank of Japan’s interest-rate hikes put it on track to deliver record annual earnings. https://www.japantimes.co.jp/business/2025/01/30/sumitomo-mitsui-earnings/?utm_medium=Social&utm_source=mastodon #business #sumitomomitsui #banks #boj
Japan’s megabanks are awash in cash and eager to invest. Even as they reward shareholders with buybacks and higher dividends, they are determined to fund overseas expansion. https://www.japantimes.co.jp/business/2024/12/10/companies/japan-megabanks-overseas-deals/?utm_medium=Social&utm_source=mastodon #business #companies #banks #mufg #mizuho #sumitomomitsui #india #investments
Japan’s biggest banks plan to maintain ties to billionaire Gautam Adani despite U.S. bribery charges, even as other global firms including Barclays are reassessing their exposure to his Indian conglomerate. https://www.japantimes.co.jp/business/2024/11/29/companies/japanese-banks-sticking-adani/?utm_medium=Social&utm_source=mastodon #business #companies #india #adanigroup #gautamadani #mufg #mizuho #sumitomomitsui
Competition among corporate groups in Japan is intensifying further as they strive to expand their economic influence through shared reward points that are usable across industries and companies. https://www.japantimes.co.jp/business/2024/08/26/companies/japan-firms-point-reward-economic-bloc/ #business #companies #vpoint #creditcards #sumitomomitsui #nttdocomo #rakuten
Japanese lenders will report quarterly results next week that for the first time fully reflect the end of negative rates, with investors expecting solid earnings that will recharge a stock rally. https://www.japantimes.co.jp/business/2024/07/26/companies/bank-results-preview/ #business #companies #banks #mufg #sumitomomitsui #mizuho #boj
Toyota Motor will buy back ¥806.8 billion worth of its stock from major Japanese banks and insurers as part of a broader push to unwind strategic shareholdings with financial partners. https://www.japantimes.co.jp/business/2024/07/23/companies/toyota-share-buybacks/ #business #companies #toyota #banks #stocks #mufg #sumitomomitsui #tokiomarine #corporategovernance
Japan’s major banks and regional financial institutions are accelerating their "semiconductor shift" to boost lending to industries that might benefit from the emergence of new chipmaking factories in the country. https://www.japantimes.co.jp/business/2024/07/08/companies/japan-banks-chip-industry-promotion/ #business #companies #banks #chipmakers #mufg #sumitomomitsui
Voting at shareholder meetings in Japan may become more consequential if the decision by Japanese megabanks to divest their strategic holdings in Toyota Motor triggers a broader unwinding of cross-held shares among the country’s biggest companies. https://www.japantimes.co.jp/business/2024/06/08/companies/shareholder-votes-toyota/ #business #companies #toyota #stocks #mufg #sumitomomitsui #banks
Two of Japan's biggest banks will start divesting ¥1.32 trillion ($8.5 billion) worth of strategic shareholdings in Toyota, sources said, as big businesses unwind their vast network of cross-held shares. https://www.japantimes.co.jp/business/2024/06/07/companies/banks-toyota-shareholdings/ #business #companies #toyota #stocks #mufg #sumitomomitsui #banks
Japan's biggest banks all forecast record profits for the year started in April, after the country’s central bank ended its policy of negative interest rates. https://www.japantimes.co.jp/business/2024/05/15/companies/japan-megabanks-forecast-record-profits/ #business #companies #banks #boj #negativeinterestrates #mufg #mizuho #sumitomomitsui
A coalition of climate groups filed shareholder proposals with Japan's top three banks, calling for stricter board oversight of climate-related risks. https://www.japantimes.co.jp/business/2024/04/15/companies/climate-investors-target-japanese-megabanks/ #business #companies #banks #mufg #mizuho #sumitomomitsui #investments #climatechange #emissions
Sumitomo Mitsui Financial Group’s CEO has said he is considering an expansion of the bank’s alliance with Jefferies Financial Group into Asia as he plays catch-up with Japanese rivals who moved more rapidly to build out their investment banking overseas. https://www.japantimes.co.jp/business/2024/02/27/companies/sumitomo-mitsui-financial-group-asia-expansion/ #business #companies #sumitomomitsui #banks #investments
Sumitomo Mitsui Financial Group said it has appointed Deputy President and Executive Officer Toru Nakashima as its group CEO following the death of its previous head, Jun Ohta, last week. https://www.japantimes.co.jp/business/2023/11/30/companies/smfg-names-new-ceo/?utm_content=buffer5e956&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #sumitomomitsui #banks #torunakashima
Sumitomo Mitsui Financial Group’s CEO Jun Ohta, who pursued an aggressive expansion abroad during his four years at the helm of Japan’s second-largest bank, has died. He was 65. https://www.japantimes.co.jp/business/2023/11/27/companies/smfg-ceo-ohta-obituary/?utm_content=buffer0cf29&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #obituary #sumitomomitsui #junohta
Japan’s biggest banks unveiled plans to boost shareholder returns after posting record first-half profits, thanks in part to a cheaper yen. https://www.japantimes.co.jp/business/2023/11/14/japan-banks-profit-soars/?utm_content=buffer6304f&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #banks #mufg #sumitomomitsui #yen
Major Japanese banks are beginning to raise interest rates on time deposits, reflecting a rise in long-term government bond yields following monetary policy tweaks by the Bank of Japan. https://www.japantimes.co.jp/business/2023/11/03/companies/japan-banks-raise-rates/?utm_content=buffer81768&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #banks #mufg #mizuho #sumitomomitsui #boj #japaneseeconomy
