Financial results for regional banks in Kyushu and Yamaguchi prefectures were released on May 14. Profit for the 2018 fiscal year decreased in 16 out of 21 banks. Many businesses have found it difficult to generate profit since the Bank of Japan’s negative interest rate policy, which has been in place two years longer than initially expected. Falling stock prices have coincided with a decrease in gains made on the sale of marketable securities. The current situation has also seen credit costs rise. Source: Sankei News, 5/15/2019
Photo of Bank of Japan in Fukuoka for image purpose only
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