Welcome to Issues in Japan.
The topic this time is:
The intensifying confrontation between Bank of Japan Kuroda and megabanks will lead to a future where "depositors will be cut off".
I would like to share the contents of the article of Weekly Post magazine, March 18 and 25 issue.
Will the era of negative interest rates on deposits finally arrive?
In Germany, Deutsche Bank and Commerzbank, the largest banks in the country, have begun charging negative interest rates of 0.5% per year on deposits above a certain level for new customers in 2020.
This is rapidly expanding to other banks, and as of the beginning of January this year, 555 banks, nearly half of the total number of banks in the country, have introduced negative interest rates.
In Japan, too, there has been an incident that could be the start of the "era of negative interest rates on deposits.
This January, the Bank of Japan applied negative interest rates to Mitsubishi UFJ Bank.
For more information please visit the following:
https://youtu.be/q2voQPo64bI
