Japanese regional banks target cost cutting as growth plans trail expectations

Japanese regional banks target cost cutting as growth plans trail expectations

Japanese regional banks need to cut costs more aggressively after efforts to expand revenue sources via expansion did not play out as expected. Some local lenders are thinking about closing branches or streamlining their organization and staff, as programs aimed at increasing revenue — the other side of the profitability equation — struggle to show results, according to bank officials…
Japanese regional banks target cost cutting as growth plans trail expectations

Japanese regional banks target cost cutting as growth plans trail expectations

Japanese regional banks need to cut costs more aggressively after efforts to expand revenue sources via expansion did not play out as expected. Some local lenders are thinking about closing branches or streamlining their organization and staff, as programs aimed at increasing revenue — the other side of the profitability equation — struggle to show results, according to bank officials…
Combined six-month profits of five Japanese banking groups hit record high

Combined six-month profits of five Japanese banking groups hit record high

The combined net profits of Japan’s five largest banking groups in the April-September period soared 77.4% from a year earlier, the first rise in three years, to hit a record high of ¥1,815 billion, according to their latest earnings reports. The semiannual profit figure exceeded the previous record of ¥1,696.4 billion, set in 2018. In the first half of fiscal…
Japanese regional banks target cost cutting as growth plans trail expectations

Japanese regional banks target cost cutting as growth plans trail expectations

Japanese regional banks need to cut costs more aggressively after efforts to expand revenue sources via expansion did not play out as expected. Some local lenders are thinking about closing branches or streamlining their organization and staff, as programs aimed at increasing revenue — the other side of the profitability equation — struggle to show results, according to bank officials…
The case of Japan’s curiously quiescent inflation rate

The case of Japan’s curiously quiescent inflation rate

INFLATION IS SURGING around the world, with price rises now exceeding central banks’ targets. But Japan is a notable holdout. Although policymakers there have long sought to generate inflation, consumer prices still refuse to budge. In September they rose by just 0.2% year-on-year, and inflation, excluding fresh food and energy prices, actually fell by 0.5% in the same period. Analysts…
Japanese regional banks target cost cutting as growth plans trail expectations

Japanese regional banks target cost cutting as growth plans trail expectations

Japanese regional banks need to cut costs more aggressively after efforts to expand revenue sources via expansion did not play out as expected. Some local lenders are thinking about closing branches or streamlining their organization and staff, as programs aimed at increasing revenue — the other side of the profitability equation — struggle to show results, according to bank officials…
Evergrande is not the only looming danger in China’s financial system

Evergrande is not the only looming danger in China’s financial system

SCARES ABOUT toxic debt are an ever-present feature of China’s economy. The latest involves Evergrande, a troubled developer that threatens to cripple the property sector. The firm also has tentacles that reach into the darkest corners of the Chinese financial system, wrapping around banks and shadow lenders. Yet even as Evergrande catches the eye, another risk is emerging: crony capitalism…