Japanese regional banks will see core operating profits fall by 21% if the centr...
TOKYO - Japanese regional banks will see core operating profits fall by 21% if the central bank deepens negative interest rates, S&P Global Ratings said on Tuesday, warning of the potential dangers of ramping up an already massive stimulus program.
“Much bigger headaches loom for Japan’s already struggling banks if the country’s central bank pushes interest rates down further. And regional banks will be worst hit,” it said. Based on data for the fiscal year ended in March, 10 out of 64 regional banks lost money in their lending businesses, the report said.
BOJ Governor Haruhiko Kuroda has signaled that deepening negative rates will be among key options if the BOJ were to ease. But critics have warned that doing so could do more harm than good by hurting commercial banks’ profits and discouraging them from boosting lending.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Woods wins in Japan, ties Snead for PGA Tour record with 82nd victoryTiger Woods matched Sam Snead's record of 82 PGA Tour victories when he won...
Read more »
Tiger Woods ties record for most PGA Tour titles with 82nd win in JapanTiger Woods has made his 82nd career win on the PGA Tour -- tying with legendary golfer Sam Snead for the most wins ever
Read more »
Japan ramps up spending for typhoon relief, but workers are scarceRavaged by a series of storms, including the worst typhoon in decades, Japan is ...
Read more »
Zara Tindall joins husband Mike in Japan – see loved-up selfieMike Tindall is in Japan for the Rugby World Cup and he's been joined by his sporty wife Zara – see the couple's loved-up selfie
Read more »
Mike and Zara Tindall are joined by surprise royal during Japan tripMike and Zara Tindall were joined by a surprise royal relative during their trip to Japan. Mike has been in Tokyo over the past week with his House of Rugby co-stars
Read more »