To gain eligibility for the interest payments, regional banks must make decisions on merging or show they have improved their profitability.
For Toru Fujioka's latest contributions to The Japan Times, see below:
Rengo chief Rikio Kozu has indicated he’ll push for a 4% wage increase, including base pay.
"A price increase was never an option because passing our burden onto customers would be totally unfair," said a worker at one restaurant that closed in August.
China’s plans to issue a digital yuan, while still not fleshed out, have heightened global interest in digital currencies among central banks and policymakers.
The travel discounts started in July, and have helped drive consumer inflation below zero as hotel prices dropped by more than 30% from a year ago.
The central bank now owns 71% of exchange-traded funds, a fifth of commercial paper and 7% of corporate bonds, its assets equivalent to 137% of gross domestic product.
The total lent so far is already more than four times the amount deployed from January 2009 to support firms during the global financial crisis.
For the country’s commercial banks, the BOJ’s sub-zero rates strategy aimed at stimulating the economy and prices has eroded their profit margins.
Tokiko Shimizu’s appointment as one of only six BOJ executive directors is another step forward for gender equality at the central bank.
A longtime thorn for businesses and productivity in Japan and South Korea is set to prove a bulwark for those economies as the coronavirus threatens millions of jobs around the world. Mass layoffs are frowned upon and labor laws make it hard for employers to ...