BOJ policymaker calls on banks to downsize for profitability

Business / Economy Dec 5, 2019

BOJ policymaker calls on banks to downsize for profitability

A Bank of Japan Policy Board member urged banks Thursday to downsize in number and asset holdings to become more profitable, pointing to structural factors, rather than the BOJ's easing policy, as being behind the deterioration in their profitability. In a speech to business leaders ...

IMF cuts Japan's GDP forecast for third time this year

Business / Economy Nov 25, 2019

IMF cuts Japan's GDP forecast for third time this year

The International Monetary Fund has cut its 2019 economic growth forecast for Japan for the third time this year amid heightened risks from the global slowdown and is calling on the government not to tighten its spending stance for now. The IMF reduced its growth ...

Business Nov 4, 2019

Japan to make it easier for troubled banks to get capital boost

The Financial Services Agency has decided to make it easier for regional banks with solid financial standing to put money into their struggling peers, introducing a special measure under which their capital-to-asset ratios will not be reduced, according to officials. The measure is likely to ...