Takashi Umekawa

Japan's GPIF posts record annual return on equity rally

Jul 02 2021

TOKYO Japan's Government Pension Investment Fund (GPIF) on Friday declared a record investment return of 37.8 trillion yen ($338.8 billion) for the year ended March 31, raking in the benefits of a robust rally in global stock markets.

MUFG board beats back climate resolution as activists falter in Japan

Jun 29 2021

TOKYO (Reuters) -Mitsubishi UFJ Financial Group shareholders on Tuesday defeated a proposal for the bank to align its business with global targets on climate change, dealing a win for the board over investors pushing for more action on the environment.

Senior Japanese lawmaker accuses Toshiba activists of short-termism

Jun 24 2021

TOKYO (Reuters) -A senior member of Japan's ruling party on Thursday accused activist investors in Toshiba Corp of focusing only on short-term profits and called for better monitoring of such investors to protect economic security.

Mizuho's corporate culture to blame for serial system failures, probe finds

Jun 15 2021

TOKYO (Reuters) -Mizuho Financial Group Inc's corporate culture is to blame for its long history of tech system failures, creating an atmosphere where managers are reluctant to express opinions and unable to respond well to crises, an investigation found.

Japan's top regional bank Resona to deploy $92 billion for sustainable finance by 2030

Jun 02 2021

TOKYO Japan's top regional bank Resona Holdings will deploy 10 trillion yen ($92 billion) for sustainable finance by 2030, its president said, as it seeks alternative revenue sources in a country facing low interest rates and a population decline.

S.Korea appeals to IOC over disputed islands on Japan Olympics map

Jun 02 2021

SEOUL/TOKYO (Reuters) -South Korea asked the International Olympic Committee (IOC) to pressure Japan to remove a reference to South Korea-controlled islands as Japanese territory on the Tokyo Games website, an official with Seoul's Olympic Committee said on Wednesday.

SoftBank shifts to foreign banks as borrowing soars

May 27 2021

TOKYO (Reuters) -SoftBank Group Corp's bank borrowing climbed by 42% in the year to March-end with the increase shouldered by foreign lenders, company filings showed on Thursday.

UPDATE 2-Japan's top bank MUFG forecasts lower credit costs, beats profit view

May 17 2021

TOKYO, May 17 Japan's top lender Mitsubishi UFJ Financial Group Inc (MUFG) posted on Monday a better than expected 47% jump in annual profit and forecast its credit costs will fall this year on expectations of a recovery from the COVID-19 pandemic.

Japanese megabanks see credit costs falling as vaccination proceeds

May 14 2021

TOKYO (Reuters) -Two of Japan's megabanks, Mizuho Financial Group Inc and Sumitomo Mitsui Financial Group Inc (SMFG), on Friday forecast a drop in credit-related costs this year on expectations the economy will recover as vaccination proceeds.

World News

'Pingdemic' grips Britain as fears of food shortages grow

LONDON (Reuters) -Britain's supermarkets, wholesalers and hauliers were struggling on Thursday to ensure stable food and fuel supplies after an official health app told hundreds of thousands of workers to isolate after contact with someone with COVID-19.