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Banking Industry Country Risk Assessment: Japan Dec 11
Standard & Poors, Dec 2011
Abstract
Diversified and developed economy with competitive export industries contributing to the trade surplus Moderate growth in private-sector debt and sound financial profiles among corporations and individuals Core retail deposits constitute a large share of systemwide funding needs Large government deficits and outstanding debt constrain fiscal flexibility Prolonged deflation and low economic growth could financially pressure the private sector and heighten banks' credit risk Fragmentation and overcapacity of banking industry, evidenced by low earnings, continue to undermine competitive dynamics We rank Japan's banking sector in BICRA group '2', based on our review of it under our updated BICRA methodology (published Nov. 9, 2011.) Other banking systems in BICRA group '2' include France, Germany, Australia, and Hong Kong. Our criteria define the...
Companies mentioned in this report are: Japan (Unsolicited Ratings)
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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