The Japan FinTech Observer #106 discusses significant investments and acquisitions in the Japanese financial sector. Sumitomo Mitsui Trust Bank has made an impact equity investment in the 'Japan Hydrogen Fund,' focusing on hydrogen-related investments. Additionally, Gojo & Company has acquired an additional stake in JSC Credo Bank, a major commercial bank in Georgia. Mitsubishi's partnership with Filippino conglomerate Ayala for the acquisition of a 6.5% stake in e-wallet giant GCash showcases growing interest in fintech ventures. Furthermore, Morgan Stanley is raising funds for a Japan-focused real estate fund, indicating confidence in Japan's economic growth. The article highlights the diverse investment opportunities and partnerships shaping Japan's financial landscape.