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BOJ's easy policy has had impact on bank profits: Kuroda - Metro US

BOJ’s easy policy has had impact on bank profits: Kuroda

FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan March 9, 2018. REUTERS/Toru Hanai
Reuters

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank’s powerful monetary easing has had a significant impact on financial institutions’ profits.

“I don’t see a serious problem emerging in financial intermediation now. But we will closely watch how our policy affects bank profits, financial intermediation and the stability of Japan’s banking system,” Kuroda told parliament.

(Reporting by Leika Kihara; Editing by Chang-Ran Kim)

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