News Japan Bank deposits: Japan’s central bank shelves plans for CBDC due to a lack of public interest
Despite testing the issuance of a CBDC since 2021, Japan’s central bank has decided to put its plans on hold due to the poor public interest.
News Japan Bank deposits: Japanese bank SMBC plans to develop NFT business
Sumitomo Mitsui Financial Group (SMBC Group), which runs one of Japan’s largest banks, said Friday it will work together with blockchain startup HashPort to develop non-fungible token (NFT) and Web3 projects. See related article: PSG sells US$220,000 NFT tickets for first Japan tour in 27 years Fast facts SMBC and HashPort plan to set up […]
News Japan Bank deposits: Japan’s Biggest Lender Seeks Bankers for the Rich in Wealth Push
(Bloomberg) -- Mitsubishi UFJ Financial Group Inc. plans to expand a team of bankers serving rich clients as Japan’s largest lender seeks to draw more of its bank customers to higher-value services, according to a senior executive.Most Read from BloombergSergey Brin Ordered Sale of Musk Investments After Affair: WSJWho Is Nicole Shanahan, Woman at Center of Musk-Brin Drama?VW Billionaire Clan Plotted CEO Ouster as He Was on US TripFed to Inflict More Pain on Economy as It Readies Big Rate HikeCh
News Japan Bank deposits: Analysis: Banks tiptoe into EU tussle over reining in foreign lenders
Banks have begun quietly trying to persuade the European Union to tone down proposals to toughen scrutiny of non-EU lenders to ensure the planned measures don't also curb companies' access to ...
News Japan Bank deposits: The Best Online Casinos in Japan for Game Variety, Bonuses, and More
The best Japanese online casinos offer more of your favorite games and better welcome bonuses than land-based casinos. Find out what Japan has to offer!
News Japan Bank deposits: Asia-Pacific: Focusing On Finance
“The Citi portfolio has a high proportion of low-cost deposits—over 70%—and this will reduce ... to the impact of Covid-19 and its powerful boost to loan demand. The Japanese bank’s overseas digital ...
News Japan Bank deposits: Japanese households accumulate record financial assets as COVID curbs spending
The financial assets households had accumulated at the end of December were 4.5% higher than the level the year before.
News Japan Bank deposits: RCB Bank Ltd. -- Moody's places RCB Bank's B1 deposit ratings on review for downgrade
Rating Action: Moody's places RCB Bank's B1 deposit ratings on review for downgradeGlobal Credit Research - 10 Mar 2022Limassol, March 10, 2022 -- Moody's Investors Service ("Moody's") has today placed all of RCB Bank Ltd.'s (RCB Bank) long-term ratings on review for downgrade, including its long-term deposit ratings of B1. As part of the same rating action Moody's has downgraded the bank's Baseline Credit Assessment (BCA) and Adjusted BCA to b3 from b2, the long-term Counterparty Risk (CR) Assessment to Ba3(cr) from Ba2(cr), and the long-term Counterparty Risk Ratings (CRR) to Ba3 from Ba2.
News Japan Bank deposits: Japan warms up to the potential of cryptocurrencies
Where Mitsui’s coin might work is in whetting consumer appetite for what’s coming later this year: a Japanese bank deposit-backed digital currency. The project, which goes under the clunky ...
News Japan Bank deposits: Inflationary pressures in US, weakening euro, and the Bank of Japan's dovish stance
The US Federal Reserve and the Bank of Japan have policy meetings next week. While the Fed is certain to hike rates, the BOJ is set to remain an outlier and hold onto a dovish stance on monetary ...
News Japan Bank deposits: Cash-Loving Japan Could Warm Up to Crypto
Where Mitsui’s coin might work is in whetting consumer appetite for what’s coming later this year: a Japanese bank deposit-backed digital currency. The project, which goes under the clunky moniker of ...
News Japan Bank deposits: BOJ applies minus interest rate for MUFG Bank deposits
For the first time in six years, the Bank of Japan has applied a negative interest rate to a megabank, for a portion of Mitsubishi UFJ Financial Group's checking deposits from the end of last year through January, sources said.
News Japan Bank deposits: Analysis-Japan's yen back in favour as a funding currency, but with more risks
HONG KONG (Reuters) - As the Bank of Japan asserts its standing as a lone dove ... is key to keeping the cost of the trade down. In deflation-plagued Japan, yen short-term deposit rates have been near ...
News Japan Bank deposits: Japan's COVID payouts strain lenders, expose BOJ policy flaws
A surge in deposits caused by the government's huge cash payouts is straining some Japanese lenders, complicating the central bank's efforts to mitigate the side-effects of its negative interest rate policy.
News Japan Bank deposits: Japanese toilet piggy bank proves Japan has the best toys
Flushing money down the toilet has never been more entertaining! Japanese children are spoilt for choice when it comes to fun and interesting toys and magazines, and this month, there’s a mag that’ll ...
News Japan Bank deposits: NK Bank -- Moody's affirms NK Bank's B3 deposit ratings; stable outlook
Rating Action: Moody's affirms NK Bank's B3 deposit ratings; stable outlookGlobal Credit Research - 18 Jan 2022London, 18 January 2022 -- Moody's Investors Service ("Moody's") has today affirmed the B3/Not Prime long-term and short-term local and foreign currency deposit ratings of NK Bank, the outlook on the long-term ratings remains stable. Concurrently, Moody's affirmed the bank's b3 Baseline Credit Assessment (BCA) and Adjusted BCA. Moody's also affirmed NK Bank's B2(cr)/Not Prime(cr) long-term and short-term Counterparty Risk Assessment (CR Assessment) and its B2/Not Prime long-term and short-term local and foreign currency Counterparty Risk Ratings.A full list of affected ratings can be found at the end of this press release.RATINGS RATIONALEAFFIRMATION OF BCA AND DEPOSIT RATINGSThe affirmation of NK Bank's BCA and deposit ratings reflects the bank's good asset quality, as well as its solid capital and liquidity buffers, that are counterbalanced by the volatile profitability, concentrated loans and deposits, and limited franchise.As of 30 June 2021, NK Bank's problem loans were 4.9% of its total gross loans down from 5.4% as of year-end 2020, which is below the sector average of about 7%.
News Japan Bank deposits: The Bank of Japan is the main counterparty in the Fed’s FRRP facility
Two statistical series can be used to identify the Fed’s main counterparts. The structure of official foreign reserves2 indicates the amount of deposits (in the broad sense of the term, including ...
News Japan Bank deposits: Japanese banks adjust to demographics
Japanese groups are advancing closer collaboration with Vietnamâs financial institutions to capture the increasingly enticing demographic variables in the Southeast Asian nation and expand their footprint even further, thanks to the rising aid from deep-pocketed parents.
