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MUFG, U.S. Bank Share Appreciation for JA Community

MUFG, U.S. Bank Share Appreciation for JA Community
rafu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rafu.com Daily Mail and Mail on Sunday newspapers.

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PM Chính meets with leaders of top Japanese businesses - Politics & Laws - Vietnam News | Politics, Business, Economy, Society, Life, Sports

Prime Minister Phạm Minh Chính met with leaders of Japanese big corporations, businesses and banks on Thursday morning as part of his ongoing visit to Japan.

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Japanese banking association calls for post-Archegos vigilance

By Reuters Staff
2 Min Read
TOKYO (Reuters) - Japanese banks must be on the lookout for cases similar to the collapse of Archegos Capital Management, the head of the country’s banking lobby group said on Thursday.
The New York investment fund run by former Tiger Asia manager Bill Hwang collapsed last month when its debt-laden bets on media companies including ViacomCBS unravelled, leaving global banks with losses.
“We need to pay close attention to whether a second or third Archegos might emerge,” Kanetsugu Mike, chairman of the Japanese Bankers Association (JBA), said at a regular press conference.
Among Japanese investment banks, Nomura Holdings Inc flagged a possible $2 billion loss and the securities unit of Mitsubishi UFJ Financial Group Inc (MUFG) said its loss was estimated at about $270 million.

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Japan banks need Plan B for technical glitches after Mizuho's woes, says lobby head

Japan banks need Plan B for technical glitches after Mizuho's woes, says lobby head
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In rare move, Japan bank lobby head apologizes for Mizuho's system failures

In rare move, Japan bank lobby head apologizes for Mizuho's system failures
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.

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In rare move, Japan bank lobby head apologises for Mizuho's system failures

In rare move, Japan bank lobby head apologises for Mizuho's system failures
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Cash-Loving Japan Shifts From Banknotes in Boost for Lenders

Cash-Loving Japan Shifts From Banknotes in Boost for Lenders
Bloomberg
2/19/2021
Taiga Uranaka and Yuki Hagiwara
(Bloomberg) -- The coronavirus pandemic has encouraged more cash-loving Japanese to move away from banknotes and coins, giving a boost for banks in their drive toward digitalization, the industry’s lobby group chief said.
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“A trend toward cashless payments, which so far progressed gradually, has picked up speed during the pandemic,” Kanetsugu Mike, chairman of the Japanese Bankers Association, said at a news briefing on Thursday. “The banking industry would like to actively work toward going cashless.”
Japan has long been known for its heavy use of cash, which is a burden for banks that are trying to shift more routine, unprofitable tasks to digital channels. Maintaining ATMs alone costs about 700 billion yen ($6.6 billion) annually and another 100 billion yen is spent handling cash at branch counters, Nomura Research Institute estimates.

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Cash-loving Japan drops banknotes in boost to lenders

Cash-loving Japan drops banknotes in boost to lenders
Bloomberg
The COVID-19 pandemic has encouraged more cash-loving Japanese to move away from banknotes and coins, giving a boost for banks in their drive toward digitalization, the industry’s lobby group chief said.
“A trend toward cashless payments, which so far progressed gradually, has picked up speed during the pandemic,” Kanetsugu Mike, chairman of the Japanese Bankers Association, said at a news briefing on Thursday. “The banking industry would like to actively work toward going cashless.”
Japan has long been known for its heavy use of cash, which is a burden for banks that are trying to shift more routine, unprofitable tasks to digital channels. Maintaining ATMs alone costs about ￥700 billion (US$6.64 billion) annually and another ￥100 billion is spent handling cash at branch counters, Nomura Research Institute said.

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Cash-loving Japan shifts from notes and coins in boost for banks

As banks move toward digitalization, the pandemic has added an incentive for consumers and merchants to avoid touching physical money.

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Cash-loving Japan shifts from notes and coins in boost for banks

Cash-loving Japan shifts from notes and coins in boost for banks
paymentssource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentssource.com Daily Mail and Mail on Sunday newspapers.

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