Banks with ‘shattered’ business models warned by Japan to adapt
Concerns are mounting that some banks are too weak to withstand the coronavirus-fueled recession and may eventually need to be rescued or delisted.
Japan to temporarily ease rules on regional banks' investments
The Financial Services Agency will consider temporarily easing restrictions on regional banks' investments in nonfinancial businesses as a measure to support small firms vital to local economies amid the coronavirus crisis, FSA chief Toshihide Endo told Jiji Press on Thursday. The Financial System Council, which ...
'Don't blame BOJ,' FSA chief Toshihide Endo tells struggling regional banks
The nation's top financial regulator said regional banks "should not blame the Bank of Japan" for their woes, urging them to explore ways to survive ultralow interest rates. "They should not just sit and wait for the BOJ to change its policy. Will everything be ...
