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 ...