Japanese lenders should not blame the Bank of Japan's ultra-loose monetary ...
TOKYO - Japanese lenders should not blame the Bank of Japan’s ultra-loose monetary policy for their inability to boost trading revenue or for poor returns borne of lax risk management, the newly appointed head of the country’s banking lobby said.
Japanese banks have complained about the central bank’s ultra-loose policy, which they say has diminished returns from traditional lending and hurt their bottom line. Banks, particularly smaller, regional lenders, have also been squeezed by a declining population. Takashima also heads the main unit of Sumitomo Mitsui Financial Group Inc, Japan’s third-largest lender by assets. He takes over as chairman of the Japanese Bankers Association from Monday.
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