Japan’s banks face fresh problem as pandemic casts pall

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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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