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Japan's bank lobby urges BOJ caution on deepening negative rates


Japan s bank lobby urges BOJ caution on deepening negative rates
Japan s central bank should be cautious about deepening negative interest rates as such a move could have a very big impact on lenders earnings, the head of a lobby of regional banks said.
Japanese commercial banks have been vocal opponents of the Bank of Japan s negative rate policy, as years of ultra-low rates erode their profits and add to woes such as a dwindling population and intensifying competition.
Regional lobby chief Hisashi Shibata said the BOJ s massive stimulus programme had supported the economy by keeping borrowing costs low for companies hit by the coronavirus pandemic. ....

Hisashi Shibata ,

Japan's bank lobby urges BOJ caution on deepening negative rates

Japan's bank lobby urges BOJ caution on deepening negative rates
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