banking
Mitsubishi UFJ Financial Group (MUFG) has demonstrated exceptional strategic resilience through the first nine months of FY2025, navigating a pivot in the domestic macroeconomic environment characterized by yield curve steepening and the initial stages of JPY net interest margin (NIM) expansion. The group’s revised net income target of ¥2.
central bank
At the Monetary Policy Meeting ending today, the Policy Board of the Bank of Japan decided, by a 7-2 majority vote, to set the following guideline for money market operations for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at around 0.5
bank of japan
Bank of Japan (BOJ) Deputy Governor Himeno provided insights into Japan's economic outlook, monetary policy, and regional economic conditions during a press conference and a speech in eastern Hokkaido on September 2, 2025. Given the next Monetary Policy Meeting taking place on September 18 & 19, 2025, we
interest rates
Takeshi Ueno, Chief Economist at the NLI Research Institute, published an update to his interest rate outlook this past week. The report analyzes the recent surge in Japan's long-term interest rates (10-year JGB yield) and provides a forecast for the coming 18 months. The key argument
interest rates
In a recently published FSA Analytical Note (in Japanese), the authors conducted a fact-finding survey on deposit balances and deposit interest rates at various financial institutions in response to recent interest rate increases. While deposit balances have increased overall, differences in the distribution of deposit balance growth rates by
regional bank
In a January 2025 report, the Nikko Research Center analyzed the public disclosures of 99 regional banks - 10 internationally operating banks, 53 regional banks excluding the internationally operating banks, and 36 second-tier regional banks. Under various interest rate scenarios, the change in value of securities, loans, deposits, etc. was
banking
After the market close on April 30, 2025, MUFG announced that it has revised its earnings target for profits attributable to owners of parent and its year-end dividend forecast for the fiscal year ending March 31, 2025, both previously announced on November 14, 2024, to take into account recent
Economics
On Friday, January 24, 2024, FinCity.Tokyo hosted the "Tokyo Asset Management Forum" (TAMF) in the morning, and the "FinCity Global Forum" (FCF) in the afternoon. This FGF Keynote Talk centers around the global economic outlook, with a specific focus on Japan, its economic policies, and
interest rates
The Japan Securities Clearing Corporation (JSCC) has announced that the monthly clearing volume for its interest rate swap transactions (IRS) reached a record-breaking 1,060 trillion yen (double-sided, the same hereinafter) in December 2024, surpassing the 1,000 trillion yen mark for the first time. Furthermore, the yearly
Weekly
Welcome to the ninety-first edition of the Japan FinTech Observer. The Federal Reserve and Bank of Japan meetings dominated this week. With the former a little more hawkish, and the latter a little more dovish than expected, the Japanese Yen has found itself close to the 160 JPY/USD
Economics
Corporate bankruptcies in Japan have significantly increased during November 2024. The number of bankruptcies has risen for the third consecutive month, and total debt is sharply higher compared to the same month last year. This trend is driven by a combination of factors including rising costs, labor shortages, and lingering
japan
The Bank of Japan completed its last Monetary Policy Meeting of the calendar year today, and left the policy rate unchanged. We invite you to read the full "Statement on Monetary Policy" here: Bank of Japan 2024-12-19Statement on Monetary Policyk241219a.pdf444 KBdownload-circle A little more