 |
If any banks can tell you how to survive decades of low interest rates, it’s Japanese ones. The country’s overnight rate has been below 1% since the mid-1990s, and last year, the Bank of Japan became the first central bank to experiment with a negative rate.
Volatility in domestic stock markets and the national currency, low GDP growth, sluggish loan demand and tougher post-crisis capital requirements have only made it harder for Japan’s banks, which have typically relied heavily on domestic lending, to achieve steady earnings growth.
That’s caused the nation’s so-called megabanks to turn their eyes to new horizons.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
