Japan's top MOF official says low long-term rates hurting banks
Share:
TOKYO (Reuters) - Japan's top finance ministry bureaucrat said on Friday that domestic financial institutions were facing severe strain as long-term interest rates remained low due to the Bank of Japan's massive monetary stimulus.Shigeaki Okamoto, administrative vice finance minister, also said in an interview with Reuters that financial markets are being driven by a range of factors and warrant close attention."Under the current monetary policy, it's true that long-term interest rates are at..