BOJ's Wakatabe says no major disruption to Japan's financial intermediation

Author: Justin Low | Category: Central Banks

Comments by BOJ deputy governor Wakatabe

  • Japanese banks have ample capital buffers
  • Negative rates does depress profits from interest for banks
  • Macro side effect of negative rates has yet to emerge
  • Benefits of BOJ's easing policy is outweighing costs
His comments here are mainly touching on Japanese regional banks and their profitability.