The Survival Strategies of Japanese Financial Institutions during the Recession (2)
The fact that negative interest rates have been imposed on the two megabanks every six months for the first time in six years means that loans are not increasing enough despite the continued massive quantitative easing. In other words, there is a lack of demand for funds in the economy. The reason for the lack of demand for funds is that investment and consumption do not live. Investment and consumption are not living because the outlook for the future is uncertain. Consumers in Japan, whose population is declining and aging is serious, close their wallets even with a small shock. The contraction of domestic demand reduces the willingness of companies to invest. It is a chronic disease of Japan that has been constantly afflicting the Japanese economy since the collapse of the bubble. Japan has already started a zero-interest-rate policy in 1999 that lowers policy interest rates by nearly 0%, experimented with the world's first quantitative easing policy in 2001-2006, and began a b