Japan seeks to shake off cash
Japan’s digital payments overhaul has been slow to get off the ground. Kimberley Long reports on the mobile payments platforms that have emerged and what is holding them back from becoming more widely used. Source link
Asian banks ramp up regional expansion drives
Banks in developed Asian economies are increasingly looking to acquire stakes and broaden their franchises in emerging economies around the region, as they contend with saturated local markets, low interest rates and constrained domestic growth prospects. Leading banks in Japan, South Korea and Singapore have stepped up their offshore expansion strategies over the past few … Read more
Corporate default risk on the rise in Japan
Corporate debt to gross domestic product (GDP) in Japan is at its highest level since the 1990s and fears are growing that defaults could surge in struggling sectors, which could have an impact on smaller and regional banks. The Bank of Japan’s (BoJ’s) most recent financial stability report suggested that the probability of default at … Read more
Economic activity, prices and monetary policy in Japan
I. Recent Economic and Price Developments A. Economic Developments I will begin my speech by talking about overseas economies. The growth rates for the April-June quarter of 2020 were substantially negative in many countries due to measures such as lockdowns implemented in response to the spread of the novel coronavirus (COVID-19). However, those for the … Read more