‘Urgent’ action needed to boost bank profits – BoJ report

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The Bank of Japan

Boosting bank profitability is an “urgent” priority, the Bank of Japan says in its latest financial system report, published on April 19. “Both major and regional banks have seen a net income decline,” the report says, mainly as a result of falling net interest income. Banks have faced a particular squeeze since the BoJ introduced negative interest rates. Profits still look reasonable by historic standards, the central bank says. At present, banks’ “sufficient capital bases” are supporting