Taiga Uranaka

13 hours ago | news.bloombergtax.com | Taiga Uranaka |Hideki Suzuki

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14 hours ago | bloomberg.com | Taiga Uranaka |Hideki Suzuki

Signage for Sumitomo Mitsui Banking Corp. (Bloomberg) -- Sumitomo Mitsui Financial Group Inc. is shoring its buffers to prepare for Donald Trump’s trade war, even as it forecast another year of record profit. Japan’s second-largest lender expects net income to climb about 10% to ¥1.3 trillion ($8.8 billion) in the year started April, it said on Wednesday.

15 hours ago | news.bloomberglaw.com | Taiga Uranaka |Hideki Suzuki

Sumitomo Mitsui Financial Group Inc. forecast another year of record profit, signaling the Japanese bank is confident it will withstand the fallout from Donald Trump’s trade war. Japan’s second-largest lender expects net income of ¥1.3 trillion ($8.8 billion) for the year started in April, up about 10% from last year’s record ¥1.18 trillion, it said on Wednesday. The projection compares with the ¥1.37 trillion average of 13 analyst estimates compiled by Bloomberg.

20 hours ago | japantimes.co.jp | Taiga Uranaka |Nao Sano

Japan’s biggest life insurer is considering taking on a little more risk with its investments in collateralized loan obligations (CLOs), as it looks for ways to eke out better returns abroad. Nippon Life Insurance last year joined other Japanese institutions that are buying CLOs — financial products made up of leveraged corporate loans — to diversify investments. They have typically focused on the highest-rated notes, which are seen as the least risky but offer lower returns.

1 day ago | bloomberg.com | Taiga Uranaka |Nao Sano

The Nippon Life Marunouchi Building, which houses the Nippon Life Insurance Co. headquarters, in Tokyo. (Bloomberg) -- Japan’s biggest life insurer is considering taking on a little more risk with its investments in collateralized loan obligations, as it looks for ways to eke out better returns abroad. Nippon Life Insurance Co. last year joined other Japanese institutions that are buying CLOs — financial products made up of leveraged corporate loans — to diversify investments.