Japan banks battle to secure deposits as savers chase market highs
Inflatie
TOKYO, May 28 : Japanese banks are, in a historic shift, competing to shore up their deposit base as lending opportunities grow and consumers, seeking to beat inflation, shift their savings into a booming stock market. While banks had been able to count on ample deposits for decades, growing prospects domestically are pushing them to get creative or risk having to put a brake on lending. Interest on deposits is rising as the Bank of Japan gradually raises rates, but consumers are also seeing
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