Mitsubishi Ufj Financial Group

Moving forward on its CBDC plans, the Bank of Japan (BoJ) is looking to rope-in a bunch of other mega banks to test the digital yen. The three Japanese megabanks, while unnamed officially, are reportedly supposed to be Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc., and Mizuho Financial Group Inc.

The Japanese government has guaranteed almost a third of the 7l3 billion yen ($6.65 billion) in loans Nissan Motor Co has secured from its main lenders to weather the COVID-19 pandemic, according to three people with knowledge of the plans. The automaker, seeking to return to profitability and stop bleeding cash, has secured 350 billion yen from it...

Mazda Motor Corp has sought loans totalling about 300 billion yen ($2.8 billion) from Japan's three megabanks and other lenders to ride out the coronavirus epidemic, a source with direct knowledge of the matter said on Saturday. The megabanks - Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group - along with t...

Japan's Nikkei share average posted its biggest daily drop in nearly three years on Tuesday, with banks taking the brunt of the sell-off, while a stronger yen dragged down stocks across the board.

Japan's Sharp Corp clinched a $1.7 billion bailout deal from its banks in return for a promise to cut 5,000 jobs and split off its ailing smartphone display unit, a person familiar with the deal said on Thursday.

While some European and US lenders are sitting on the fence after being bruised by the country's sharp slowdown, Japanese banks are betting aggressively on Modi's pledge to restart growth and attract foreign investment.

Toyota Motor Corp rose 0.8 per cent, Nikon Corp added 1.1 per cent and Panasonic Corp gained 1.2 per cent. A weak yen lifts Japanese exporters' overseas profits when repatriated as well as their competitiveness abroad.

Japan's Nikkei average fell 1.1 per cent to a nearly four-week low on Tuesday with exporters leading the decline after weak U.S. factory data overnight stoked concern about growth prospects for the world's biggest economy.

Sharp Corp may sell new shares to help it repay a $2.1 billion convertible bond due in September, after a deal with Samsung Electronics Co raised $111 million in return for a 3 per cent stake in the Japanese company, three sources familiar with the matter said.

The Nikkei average closed at its highest level in four and a half years on Tuesday as confirmation hearings for Bank of Japan leadership nominees boosted expectations of aggressive monetary easing, but gains were trimmed on profit-taking in financials and exporters.

Japan's Nikkei average dropped for a second straight day on Wednesday as a pause in the yen's weakening after an inconclusive Italian election prompted investors to offload currency-sensitive stocks that have outperformed recently.

Japan's Nikkei share average jumped 2.3 per cent in early trade on Monday, with exporters and banks leading the pack after the yen softened on the G20's decision not to single out Japan for undertaking policies that have weakened its currency.

Japan's Nikkei share average fell on Friday as investors pared exposure to exporters and banks while awaiting the weekend G20 meeting.

Morgan Stanley, reporting a 24 per cent decline in second-quarter revenue, is the latest bank to sound gloomy notes about the economy.

Moving forward on its CBDC plans, the Bank of Japan (BoJ) is looking to rope-in a bunch of other mega banks to test the digital yen. The three Japanese megabanks, while unnamed officially, are reportedly supposed to be Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc., and Mizuho Financial Group Inc.

The Japanese government has guaranteed almost a third of the 7l3 billion yen ($6.65 billion) in loans Nissan Motor Co has secured from its main lenders to weather the COVID-19 pandemic, according to three people with knowledge of the plans. The automaker, seeking to return to profitability and stop bleeding cash, has secured 350 billion yen from it...

Mazda Motor Corp has sought loans totalling about 300 billion yen ($2.8 billion) from Japan's three megabanks and other lenders to ride out the coronavirus epidemic, a source with direct knowledge of the matter said on Saturday. The megabanks - Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group - along with t...

Japan's Nikkei share average posted its biggest daily drop in nearly three years on Tuesday, with banks taking the brunt of the sell-off, while a stronger yen dragged down stocks across the board.

Japan's Sharp Corp clinched a $1.7 billion bailout deal from its banks in return for a promise to cut 5,000 jobs and split off its ailing smartphone display unit, a person familiar with the deal said on Thursday.

While some European and US lenders are sitting on the fence after being bruised by the country's sharp slowdown, Japanese banks are betting aggressively on Modi's pledge to restart growth and attract foreign investment.

Toyota Motor Corp rose 0.8 per cent, Nikon Corp added 1.1 per cent and Panasonic Corp gained 1.2 per cent. A weak yen lifts Japanese exporters' overseas profits when repatriated as well as their competitiveness abroad.

Japan's Nikkei average fell 1.1 per cent to a nearly four-week low on Tuesday with exporters leading the decline after weak U.S. factory data overnight stoked concern about growth prospects for the world's biggest economy.

Sharp Corp may sell new shares to help it repay a $2.1 billion convertible bond due in September, after a deal with Samsung Electronics Co raised $111 million in return for a 3 per cent stake in the Japanese company, three sources familiar with the matter said.

The Nikkei average closed at its highest level in four and a half years on Tuesday as confirmation hearings for Bank of Japan leadership nominees boosted expectations of aggressive monetary easing, but gains were trimmed on profit-taking in financials and exporters.

Japan's Nikkei average dropped for a second straight day on Wednesday as a pause in the yen's weakening after an inconclusive Italian election prompted investors to offload currency-sensitive stocks that have outperformed recently.

Japan's Nikkei share average jumped 2.3 per cent in early trade on Monday, with exporters and banks leading the pack after the yen softened on the G20's decision not to single out Japan for undertaking policies that have weakened its currency.

Japan's Nikkei share average fell on Friday as investors pared exposure to exporters and banks while awaiting the weekend G20 meeting.

Morgan Stanley, reporting a 24 per cent decline in second-quarter revenue, is the latest bank to sound gloomy notes about the economy.