The Chairman of the Japanese Bankers Association has indicated that the relative importance of banks' domestic businesses is expected to increase. Under rising interest rates, banks are shifting their business models away from prioritizing deposits. Additionally, the Bank of Japan (BOJ) will raise rates extremely gradually while assessing the market impact. The association will also continue to seek further relaxation of the bank-brokerage firewall. Japan's banks expect gradual interest rate rise and continued local lending growth.
Japan’s banks expect gradual interest rate rise, continued local lending growth https://t.co/8o3C20V81K
JAPANESE BANKERS ASSOCIATION CHAIRMAN: UNDER RISING INTEREST RATES, BANKS’ BUSINESS MODELS ARE MOVING TOWARDS (NOT AWAY FROM) PRIORITISING DEPOSITS
JAPANESE BANKERS ASSOCIATION CHAIRMAN:THE RELATIVE IMPORTANCE OF BANKS’ DOMESTIC BUSINESSES WILL INCREASE
JAPANESE BANKERS ASSOCIATION CHAIRMAN: BOJ WILL RAISE RATES EXTREMELY GRADUALLY WHILE ASCERTAINING EFFECT ON THE MARKET
JAPANESE BANKERS ASSOCIATION CHAIRMAN: WILL CONTINUE TO SEEK FURTHER RELAXATION OF BANK-BROKERAGE FIREWALL
⚠️ JAPANESE BANKERS ASSOCIATION CHAIRMAN: WILL CONTINUE TO SEEK FURTHER RELAXATION OF BANK-BROKERAGE FIREWALL
⚠️ APANESE BANKERS ASSOCIATION CHAIRMAN: WILL CONTINUE TO SEEK FURTHER RELAXATION OF BANK-BROKERAGE FIREWALL
JAPANESE BANKERS ASSOCIATION CHAIRMAN: BOJ WILL RAISE RATES EXTREMELY GRADUALLY WHILE ASCERTAINING THE EFFECT ON THE MARKET.
⚠️ JAPANESE BANKERS ASSOCIATION CHAIRMAN: BOJ WILL RAISE RATES EXTREMELY GRADUALLY WHILE ASCERTAINING EFFECT ON THE MARKET
⚠️ JAPANESE BANKERS ASSOCIATION CHAIRMAN: **UNDER RISING INTEREST RATES, BANKS’ BUSINESS MODELS ARE MOVING AWAY FROM PRIORITISING DEPOSITS **THE RELATIVE IMPORTANCE OF BANKS’ DOMESTIC BUSINESSES WILL INCREASE
JAPANESE BANKERS ASSOCIATION CHAIRMAN: UNDER RISING INTEREST RATES, BANKS’ BUSINESS MODELS ARE MOVING AWAY FROM PRIORITISING DEPOSITS.
JAPANESE BANKERS ASSOCIATION CHAIRMAN: THE RELATIVE IMPORTANCE OF BANKS’ DOMESTIC BUSINESSES WILL INCREASE.