Tag: japan

Tanar is currently ANZ country head for Germany and will replace Mitchell Mason; the bank sees growth opportunities across markets, financial institutions and DCM.

Joy Kwek joins from Morgan Stanley and is tasked with increasing the synergy between SMBC and SMBC Nikko, and strengthening their capital markets and structured solutions offering.

Tariffs ‘reduced’ to 15% for Japan and 19% for the Philippines, following a deal with Indonesia earlier in the week.

The economy, which climbed over ¥600 trillion for the full year, was bolstered by exports and private consumption. In 2024, more than 36 million people visited the country, spending a record amount.

Alipay+ now claims to connect over three million local merchants in Japan to international tourists, up from some two million back in March.

After prime minister Shigeru Ishiba failed to win a majority in the House of Representatives after a snap election, the yen fell to a three month low, with the Bank of Japan's monetary policy board set to meet later this week.

The FX market is awaiting the outcome of the BOJ meeting this week, with BNY anticipating three rate rises this year.

Domestic currency weakness may have provided a boost to Japanese and Korean exporters, but for the majority of corporates the lower value of the yen and won has been a negative development.

Yutaka Naito will lead the new business which will focus on "mid-sized corporates".

Interconnected QR code payment systems continue to be developed across Asia Pacific, facilitating cross-border retail payments while maximising user experiences.

The firm cites growing demand for cloud services in Japan as reason for expansion, and has further plans to grow in Asia Pacific.

The firm received a Japanese banking licence in 2021 and has been preparing the roll out transaction banking ever since.