Japan’s banks face fresh problem as pandemic casts pall

By GlobalCapital
18 Sep 2020

Japan’s banks have faced multiple crises over past decades, but the coronavirus pandemic has thrown out some fresh surprises — and could challenge their future growth, writes William Pesek.

Japanese officials don’t mouth the words ‘Lehman Brothers’ often, and certainly not casually. One reason: few are more sensitive to the risk of a banking system shock that shakes the entire economy.

Another: Tokyo takes great pride in having avoided the worst of Wall Street’s 2008 reckoning. Japanese bankers, ...

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