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Japan megabank loan margins dive to barely 1%

The BOJ faces criticism from bankers and lawmakers as evidence mounts that negative rates are doing little to spur credit growth
Thursday, August 11, 2016 - 05:50

Tokyo

IT'S never been tougher for Japanese banks to make money from lending and the squeeze may worsen as traders bet on years of negative benchmark interest rates.

Profit margins on loans at Mitsubishi UFJ Financial Group Inc and its two largest competitors shrank to a record-low