During today’s briefing, Moody’s analysts said that the negative interest rates worsen the profitability of Japanese banks. Moreover, the build-up of negative interest rates would harm the banking sector. However, Moody’s stressed that banking institutions still earn on deposit taking and for this reason there is room for growth of negative interest by the Central Bank.
The post Moody’s: negative interest rates worsen the profitability of Japanese banks appeared first on forex-analytics.press.