Japan's finance watchdog urges banks to lend more to companies with growth potential

Japan's finance watchdog urges banks to lend more to companies with growth potential
 

Banks in Japan should focus more on a company's potential rather than whether it has a solid track record when deciding whether to lend money, draft guidelines from the county's financial regulator showed.
The guidelines are a part of Japan's Financial Services Agency's annual review which sets out what the regulator will focus on in the coming year, and which will be published in full later this week.
Efforts to get banks to lend more freely to companies with growth potential are part of a broader push to help revitalise the country's economy. Japan's economy, the world's third largest, is... read more

 
17 October 2016 in Business, Views: 44
Source: Reuters
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