A surge in deposits caused by the government’s huge cash payouts is straining some Japanese lenders, complicating the central bank’s efforts to mitigate the side-effects of its negative interest rate policy. Industry leader MUFG Bank was charged negative rates last month on deposits parked with the Bank of Japan – the first time since the …
The post Japan’s COVID payouts strain lenders, expose BOJ policy flaws first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John
https://www.hellenicshippingnews.com/japans-covid-payouts-strain-lenders-expose-boj-policy-flaws/