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ECONOMY

Financial Services Agency to urge banks to adopt CO2 reduction measures

The Financial Services Agency (FSA) will formulate guidelines to encourage financial institutions to adopt climate change countermeasures. The sustainable finance expert panel met on May 28 and included the policy in its draft report. By encouraging financial institutions to make efforts to achieve a carbon-free economy, the FSA hopes to spread the CO2 reduction trend to corporations that receive loans.

ECONOMY

Japan online brokers scrapping fees to lure young investors

Tokyo, April 22 (Jiji Press)–More and more online securities companies in Japan are scrapping commission fees on stock trading for young customers as part of efforts to encourage people in their 20s to start investing.   On Tuesday, industry leader SBI Securities Co. effectively abolished its commission fees on cash trading of domestic stocks for people aged between 20 and….Read more

  • April 22, 2021
  • , Jiji Press , 5:58 p.m.
  • English Press

ECONOMY

Mizuho’s Sakai not to head Japanese banking industry assn

Tokyo, April 14 (Jiji Press)–The Japanese Bankers Association is considering naming Sumitomo Mitsui Banking Corp. President Makoto Takashima as its next chairman, dropping its earlier plan to pass the post to Mizuho Financial Group Inc. <8411> President Tatsufumi Sakai, it has been learned.     Takashima is expected to assume the position in July, informed sources said. At its board meeting Thursday, the….Read more

  • April 14, 2021
  • , Jiji Press , 7:23 p.m.
  • English Press

ECONOMY

BOJ still half-hearted about digital currency

On April 5, the Bank of Japan (BOJ) began the first stage of a three-stage demonstration trial of a central bank-issued digital currency (CBDC). For the purpose of the trial, a pseudo CBDC was issued via the computer to financial institutions to validate its basic clearance functions to users. Hitachi, Ltd. is involved in the first stage of the trial,….Read more

  • April 9, 2021
  • , Nikkei , p. 7
  • JMH Translation

ECONOMY

Carlyle Group adds former Abe aide to advise on Japan buyouts

TOKYO — U.S. private equity firm Carlyle Group has hired a key member of former Prime Minister Shinzo Abe’s brain trust as a senior adviser at the company’s Japanese unit, Nikkei learned Wednesday.

  • March 31, 2021
  • , Nikkei Asia , 11:23 p.m.
  • English Press

ECONOMY

Major Japanese banks to cut remittance fees

Tokyo, March 18 (Jiji Press)–Major Japanese banks are expected to cut their remittance fees following a decision made Thursday by an industry body to lower interbank money transfer fees that have stayed unchanged for over 40 years.     Japanese Banks’ Payment Clearing Network, the operator of the system for money transfers between banks, said it will lower interbank money transfer….Read more

  • March 18, 2021
  • , Jiji Press , 10:56 p.m.
  • English Press

POLITICS

Editorial: Eliminate optimistic growth projections to achieve fiscal soundness

Expectations of high economic growth alone can undermine fiscal sustainability. The government must squarely face the current fiscal conditions that have become even more severe due to the spread of the novel coronavirus.   The Cabinet Office has compiled the latest fiscal projection over the mid- and long term. The office predicted that the primary balance of the central and….Read more

  • January 28, 2021
  • , The Japan News , 11:57 a.m.
  • English Press

ECONOMY > Finance

EXCLUSIVE: JGB issuance in FY 2021 to total 236 t. yen

Tokyo, Dec. 18 (Jiji Press)–The Japanese government plans to issue Japanese government bonds worth 236 trillion yen in fiscal 2021, Jiji Press learned Friday.   The issue amount, which represents a 1.5-fold jump from the initial issuance plan for the previous year, is equivalent to 40 pct of the country’s gross domestic product.   The amount was included in an….Read more

  • December 19, 2020
  • , Jiji Press , 12:08 a.m.
  • English Press

ECONOMY > Finance

Japan Cabinet OKs 73.6 tril. yen new stimulus to fight virus

TOKYO — Japan’s Cabinet approved Tuesday an additional economic package worth 73.6 trillion yen ($707 billion), including private funds to help ensure the coronavirus-stricken economy to stay on a recovery track.   The package includes extensions of subsidy programs aimed at promoting domestic travel, spurring consumption and helping companies maintain employment, as well as incentives for digitalization and carbon reduction,….Read more

  • December 8, 2020
  • , Kyodo News , 9:53 p.m.
  • English Press

ECONOMY > Finance

English-speaking team to help foreign funds

NHK has learned that the Japanese government is preparing to set up an English-speaking team in its financial authority to help foreign funds establish bases in the country. The move is in line with a push by the government for the establishment of an international financial hub in Japan.   The Financial Services Agency plans to have a team of….Read more

  • November 4, 2020
  • , NHK WORLD
  • English Press
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