By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) - Japan's Mizuho Financial Group is holding off on buying government bonds as a sustained ...
Jake the Eastern Passage Rock Snake | SaltWireTOKYO - Japan's Mizuho Financial Group is holding off on buying government bonds as a sustained economic recovery may prompt the central bank to exit its negative interest rate policy early next year, a senior executive said.
His comments underscore how Mizuho and other top Japanese banks are now reckoning with a looming inflection point as Japan's economy approaches policy normalisation after years of little growth, weak consumer spending and massive central bank easing. That has raised the once-unthinkable prospect of higher borrowing costs, portending a massive change for banks after decades of rock-bottom rates.
"Given that we are awash with deposits, of course we very much want to invest," he said."But as current economic fundamentals could push bond yields up further, this may be the time to wait. There are times when we need to be patient."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan, Iran leaders to meet in Sept in New YorkTOKYO (Reuters) - Japanese Prime Minister Fumio Kishida and Iranian President Ebrahim Raisi will meet in New York in September to discuss Iran's ...
Read more »
Japan plans meeting with GCC foreign ministers in SeptTOKYO (Reuters) - Japan is making preparations for a meeting of foreign ministers from Japan and the Gulf Cooperation Council (GCC) member states in ...
Read more »
Japan's Kishida to meet fishermen on Fukushima water release planTOKYO (Reuters) - Japanese Prime Minister Fumio Kishida said he will meet fishermen as soon as Monday to seek their understanding of the government's ...
Read more »
Japan's Kishida to meet fishermen on Fukushima water release planTOKYO (Reuters) - Japanese Prime Minister Fumio Kishida said he will meet fishermen as soon as Monday to seek their understanding of the government's ...
Read more »
Japan, Iran leaders to meet in Sept in New YorkTOKYO (Reuters) - Japanese Prime Minister Fumio Kishida and Iranian President Ebrahim Raisi will meet in New York in September to discuss Iran's ...
Read more »