Japanese banks still don't stack up to global peers
The fate of the consumer finance companies reflects the distorted nature of the Japanese banking system.
Cleaned up, yes. More effective and dynamic, probably not. That is the common response from analysts to the Japanese banking sector almost 20 years after the Japanese economic crisis of 1989.
JapanÆs banking sector is a mixture of the three æmega banksÆ almost indistinguishable from each other in their mammoth size and uniform product offering one ægiga bankÆ the Japanese Post Office, which will be privatised over several years a raft of ætrust banksÆ who engage in a somewhat eccentric...
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