- Language: English
- Published: August 2013
- Region: Japan
Japan Banking Outlook: Earnings Improvement Hinges On Economic Recovery May 11
- Published: May 2011
- Region: Japan
- Standard & Poors
A delay in Japan's economic recovery could undermine efforts by the country's banks to improve their earnings. Standard & Poor's Ratings Services sees the Japanese economy slowing considerably in fiscal 2011 (ending March 31, 2012)--compared with 2.3% GDP growth in fiscal 2010--due to the impact of the Great East Japan Earthquake, which hit northeastern Japan on March 11, 2011. Although we see GDP growth recovering by mid-fiscal year from its plunge in the last quarter of fiscal 2010, any delay in recovery could impair the quality of bank loans. In addition, despite Japanese banks' efforts to diversify their revenue sources, we expect profitability to remain weak compared with other markets, amid sluggish loan demand and low interest rates. Besides the...
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