Japanese regional banks’ low profitability may persist amid low rates – S&P

Japanese regional banks’ low profitability may persist amid low rates – S&P

Japanese banks, especially regional lenders, may continue to battle low profitability amid falling interest rates that are already among the lowest in the world, according to S&P Global Ratings analysts. Japan‘s short-term rates are now at -0.1%, making it the only Asian economy to have a negative interest rate since its introduction in January 2016. Long-term rates are at zero.…