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Bank Industry Risk Analysis: Japan Jul 06
Standard & Poors, July 2006
Abstract
Following upgrades of the six major Japanese banking groups in 2004 and 2005, and Resona Bank Ltd. and Chuo Mitsui Trust & Banking Co. Ltd. in 2006, the average rating for major Japanese banks has risen to the 'A' category, narrowing the gap with major overseas banks. The upgrades reflected the steady reduction of asset risk, supported by the improving macroeconomy. The current outlook on the credit quality of the overall Japanese banking industry is stable. Japanese companies have made ongoing progress in reducing debt, and rising land prices in metropolitan areas lead optimistic economic indicators. Despite uncertainty over the U.S. economy and the direction of oil prices, Japan's economy continues to recover. Furthermore, progress in NPL disposal has helped...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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