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 ...