Japan's three megabanks are planning to jointly issue corporate-use stablecoins pegged to legal tender like the yen and the dollar, aiming to promote their use in the country. https://www.japantimes.co.jp/business/2025/10/18/japan-banks-stablecoins/?utm_medium=Social&utm_source=mastodon #business #banks #mizuho #mufg #sumitomomitsui #cryptocurrencies
Sumitomo Mitsui Trust Group’s asset management firm is aiming to become one of the top-three managers of Japanese mutual funds in five years by bolstering offerings to individuals, its new CEO has said. https://www.japantimes.co.jp/business/2025/10/14/companies/sumitomo-mitsui-fund-manager-interview/?utm_medium=Social&utm_source=mastodon #business #companies #sumitomomitsui #sumitomomitsuitrustassetmanagement #investments
The combined net profits of Japan's five major banking groups rose 2.7% on the year in April-June due partly to growth in income from their lending operations reflecting interest rate hikes by the Bank of Japan. https://www.japantimes.co.jp/business/2025/08/05/companies/japan-banks-earnings-up/?utm_medium=Social&utm_source=mastodon #business #companies #banks #mufg#sumitomomitsui #mizuho #donaldtrump #tariffs
Mizuho Financial Group has raised its profit forecast and Sumitomo Mitsui Financial Group’s earnings have exceeded expectations, as Japanese banks see tailwinds from rising interest rates and a clearer economic outlook. https://www.japantimes.co.jp/business/2025/07/31/companies/mizuho-profit-forecast-rise/?utm_medium=Social&utm_source=mastodon #business #companies #mizuho #banks#sumitomomitsui
The Tokyo District Court on Friday sentenced a former employee of Sumitomo Mitsui Trust Bank to two years in prison, suspended for four years, for engaging in insider stock trading. https://www.japantimes.co.jp/business/2025/07/04/sumitomo-official-insider-trading/?utm_medium=Social&utm_source=mastodon #business#sumitomomitsui #stocks