East Asia
LATEST ARTICLES
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Arrive in any medium-sized Japanese town during April and there’s every chance you will be able to join a party. That would be MUFG’s ‘Rise up festa’ initiative – a celebration of and for Japan’s small and medium-sized businesses. It is all about unlocking Japanese creative spirit – and monetizing it.
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Rakuten Bank is the big Japanese bank you may not have heard of. That may be because Rakuten – Japanese for ‘optimism’ – is better known as an e-commerce play, a 20-year-old site widely regarded as Japan’s equivalent of Amazon. But unlike Rakuten’s Hiroshi Mikitani, Jeff Bezos doesn’t (yet) own a bank.
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Is there anything MUFG’s dynamic joint venture with Morgan Stanley in Japan doesn’t do? The short answer appears to be not much.
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From muck comes brass, as the saying goes, and the MUFG-Morgan Stanley joint venture in Japan proves that axiom better than most.
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MUFG & Morgan StanleyFrom muck comes brass, as the saying goes, and the MUFG-Morgan Stanley joint venture in Japan proves that axiom better than most.
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Nobuyuki Hirano’s MUFG is a powerhouse, achieving superlative after superlative: Japan’s biggest bank; its second-largest company (after Toyota); the world’s leading provider of project finance; etcetera etcetera. The list goes on and on.
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Proving one’s worth in terms of corporate social responsibility isn’t easy. Some banks pay the concept little more than lip service or ignore it altogether. At the other extreme, PR-conscious global banks can often overshadow the quieter success stories that are woven by smaller regional or local lenders.
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Cathay United Bank was the first lender to adopt the Equator Principles, back in 2015, and it continues to promote them, encouraging customers and peers to follow suit.
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Taiwan Business Bank has never wavered from its original remit: providing invaluable financial services to small and medium-sized enterprises.