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The Straits Times Tokyo Stock Exchange considers longer trading hours, report says One of the goals is to provide opportunities for Japan s rising number of retail investors, whose ability to trade during work hours is limited.PHOTO: REUTERS Published3 hours ago https://str.sg/JveP They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. ....
Consolidation would underscore plight of regional lenders Policymakers fret pandemic may saddle banks with bad loans Consolidation will give new bank 70% share in prefecture (Adds milestone, reported comment from bank head, context on struggling borrowers) TOKYO, May 11 (Reuters) - Two regional banks in Japan’s northern prefecture of Aomori said they were considering consolidating, joining a flurry of lenders seeking to survive amid narrowing margins from a rapidly ageing population and ultra-low interest rates. If the deal materialises, it could become the first case under a revised law that took effect in November exempting regional bank consolidations from antitrust rules. ....
2 Min Read TOKYO, May 11 (Reuters) - Two regional banks in Japan’s northern prefecture of Aomori said they were considering consolidating their businesses, joining a flurry of lenders seeking to survive amid narrowing margins from a rapidly ageing population and ultra-low interest rates. Aomori Bank and Michinoku Bank, both listed lenders based in Aomori, said in a statement on Tuesday they were “considering” a business consolidation. The statement came in response to a report by public broadcaster NHK on Monday they were in talks to consolidate, a move that would give them a 70% share in the prefecture. “Regional banks are facing a difficult business environment,” Finance Minister Taro Aso told reporters, when asked about the reported talks. ....
Masako Akagi speaks to reporters in Osaka on May 6 while holding a document she received from the government over the record left by her late husband. (The Asahi Shimbun) The government has acknowledged the existence of a key document related to the Finance Ministry’s falsification of official documents over the dubious sale of state-owned land to Moritomo Gakuen, a private educational institution. The “Akagi file,” as the document is known, refers to a record of events kept by Toshio Akagi, an official at the ministry’s Kinki Local Finance Bureau, who committed suicide in 2018 in distress over the role he was ordered to play in the falsifications. ....
~ In a teleconference on the evening of April 7, G20 finance ministers and central bank governors agreed on a package of financial support for developing countries. Behind their move is the increased risk of bankruptcy in countries with fragile economies due to the prolonged COVID-19 pandemic. Shaken by currency depreciation, developing countries are becoming further polarized from the United States, China, and other developed countries that are normalizing their economies. Meanwhile, China has continued to seek priority repayment of debt from developing countries, using the debt to gain an advantage while siphoning off funds from international cooperation. Stopping such high-handed behavior by China and increasing the effectiveness of aid is essential for the stability of the global economy. ....