ILEA000007998: IY Bank approved

Bank of Japan keeps interest rate unchanged, yen sinks below 156

STORY: Bank of Japan keeps interest rate unchanged, yen sinks below 156 SHOOTING TIME: file DATELINE: April 27, 2024 LENGTH: 00:01:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of city view in Tokyo 3. various of fresh food in supermarkets 4. various of city view in Tokyo STORYLINE: The Japanese central bank on Friday maintained its policy rate unchanged after wrapping up its two-day policy meeting, which sent the Japanese yen to its fresh 34-year low past the 156 line. The Bank of Japan (BOJ) decided to guide short-term interest rates in a range of zero and 0.1 percent, a month after it ended the negative interest rate policy in its first rate hike in 17 years. The announcement weakened the country's currency against the U.S. dollar to the lowest level since May 1990, raising the risk of forex intervention by Japanese authorities. The BOJ, which also maintained its policy regarding government bond buying, said the country's core inflation, which excludes volatile

Foreign bankers upbeat on China's finance market despite challenges

STORY: Foreign bankers upbeat on China's finance market despite challenges DATELINE: Nov. 23, 2022 LENGTH: 00:01:24 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Beijing 2. various of PBOC 3. SOUNDBITE 1 (English): KEVIN D. SNEADER, President of Asia Pacific Ex-Japan (APEJ), member of the Management Committee and member of the Asia Pacific Management Committee of Goldman Sachs Group. Inc. 4. SOUNDBITE 2 (English): MARK E. TUCKER, Group Chairman, HSBC Holdings plc STORYLINE: The Annual Conference of Financial Street Forum 2022 concluded in Beijing on Wednesday. The three-day event with the theme "Forge Ahead Toward a Shared Future: Economic Development and Financial Cooperation Amid Changes" featured topics including high-quality development, empowering the real economy, serving rural revitalization, high-level opening-up and fintech innovation. Yi Gang, governor of the People's Bank of China (PBOC), the country's central bank, said at the forum that as the Chinese economy is

SECOM develops feeding robot

TOKYO, Japan - A robot that helps a disabled person eat his or her meal was unveiled April 25 by SECOM Co., pioneer in the security service business. The robot, dubbed ''My Spoon,'' measures 28 centimeters long, 37 cm wide and 25 cm high, weighing 6 kilograms. It took SECOM and its medical equipment subsidiary 11 years to develop the product, which will hit the market on May 1. Available in three different types, the robot carries price tags higher than \380,000.

Bridgestone says ending Ford tire sales 'wrenching decision'

TOKYO, Japan - Shigeo Watanabe, president of Bridgestone Corp., meets the press at the company's head office in Tokyo's Chuo Ward on May 22, a day after its U.S. unit, Bridgestone/Firestone, announced it would end almost 100 years of supplying tires to Ford Motor Co.

Uniqlo's Yanai critical of industry 'safeguard' requests

TOKYO, Japan - Tadashi Yanai, president of Fast Retailing Co., which operates the popular Uniqlo clothing store chain, speaks at a a press conference May 22. Yanai reiterated his opposition to Japan invoking a ''safeguard'' emergency import curb on textile imports.

IYBank opens for business, launches 24-hour ATM services

TOKYO, Japan - IYBank President Takashi Anzai shows off bank cards at the bank's head office in central Tokyo on May 15. The branch-free bank, created by major retailer Ito-Yokado Co. and convenience-store subsidiary Seven-Eleven Japan Co., opened for business the same day, offering 24-hour automated teller machine services.

Ito-Yokado's IYBank to begin operations May 7

TOKYO, Japan - Takashi Anzai (L), president of IYBank, and Toshifumi Suzuki, president of Ito-Yokado Co., show off bank cards in front of automated teller machines (ATMs) at a hotel in Tokyo on May 1. Anzai said IYBank, the new bank created by major retailer Ito-Yokado Co. and its convenience store subsidiary Seven-Eleven Japan Co., will begin operations May 7. IYBank plans to have ATMs installed at 3,650 outlets of Ito-Yokado and Seven-Eleven Japan nationwide by the end of its first year of business.

FSA gives preliminary approval to Ito-Yokado's IY Bank

TOKYO, Japan - Financial Services Agency Minister Hakuo Yanagisawa (L) gives to Toshifumi Suzuki, president of the Ito-Yokado Co. retailing group, preliminary approval to establish a banking subsidiary at the agency in Tokyo on April 6. IY Bank will operate via a network of automatic teller machines at the group's retail outlets.

(1)New banks, nonlife insurers kick off operations

TOKYO, Japan - Hideo Ogasawara, president of UFJ Holding Inc., a holding firm of Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co., speaks at the company's opening ceremony in Tokyo on April 2. Three new megabank groups -- Sumitomo Mitsui Banking Corp., formed by the merger of Sumitomo Bank and Sakura Bank, Mitsubishi Tokyo Financial Group Inc., a merged body of the Bank of Tokyo-Mitsubishi, Mitsubishi Trust & Banking Co. and Nippon Trust Bank, as well as UFJ Holdings Inc. -- began operations the same day.

(2)New banks, nonlife insurers kick off operations

TOKYO, Japan - Shigemitsu Miki (L), president of Mitsubishi Tokyo Financial Group Inc., and its chairman Akio Utsumi, cut a ribbon at a ceremony in Tokyo on April 2 to mark the launch of the company, a merged body of the Bank of Tokyo-Mitsubishi, Mitsubishi Trust & Banking Co. and Nippon Trust Bank. Mitsubishi-Tokyo is one of three megabank groups which began operations the same day.

IY Bank approved

Similar Images & Videos