DBS Bank is planning to open a securities business in Japan to appeal to an investor base that has been burnt by the country’s negative interest rate policy
By whittling away an easy source of profits, the Bank of Japan’s decision earlier this year to adopt negative interest rates has thrown up a plethora of problems for domestic banks Japanese investors, meanwhile, now have to work even harder to hit their yield targets
But for some foreign players, the move has created an opportunity Those yield-starved Japanese investors should, after all, have greater reason to want to move offshore
So DBS Bank thinks
The Singaporean bank announced on Monday that it was opening...