HC Picks 276

August 5, 2020
by Akane Hashimoto

Period : July 29, 2020 – August 4, 2020

Category : [Business][Policy (BOJ)]

-Policies and business activities related to Japan investment opportunities-

● Japanese bank MUFG’s profit more than halves on credit-related costs

 > “Explains how difficult to profit from a banking business. Key should be to expand to new services, and might be to reduce total assets.”

● Japan bank Mizuho’s profit slides 24.6% as credit costs rise amid virus

● Japan’s SMFG net profit drops 60% due to credit costs


● Japan to offer express lane for funds leaving Hong Kong

 > “At last. Speed is essential.”