Japan's banks and their problems are currently a key focus of attention in Tokyo, and with upcoming ...
Japan's banks and their problems are currently a key focus of attention in Tokyo, and with upcoming events in Japan likely to make any difficulties even more acute, it is clearly an important aspect of managing portfolios of Japanese equities. The fundamental difficulty is that Japanese banks are encumbered with bad debts, and in the current economic environment, they are unable to make profits that would allow them to escape this situation. Banks need to look as profitable as possible and are therefore unwilling to write off existing bad loans, preferring to allow their debtors to resc...
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