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Japanese Regional Banks Pass Stress Tests. What Now?

March 15, 2022

Trung Thanh Vu

Regional banks in Japan were struggling with structural challenges even before the start of the COVID-19 pandemic. A shrinking pool of borrowers in an aging population, severe competition among banks, and a low interest rate environment held back the regional banks’ efforts to diversify their income sources and strengthen their financial performance. The pandemic only compounds their challenges.

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Blogs

ASEAN+3 Financial Safety Net More Important Than Ever

May 3, 2021

Beomhee Han, Nam Sung Kim

On May 3, 2021, the finance ministers and central bank governors of ASEAN+3 members — comprising the 10 Southeast Asian countries, and China, Japan and Korea — stressed that the Chiang Mai Initiative Multilateralisation (CMIM) facility should take on a more instrumental role in catering to members’ needs, amid the unprecedented economic turmoil wrought by the COVID-19 pandemic.

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ASEAN+3 Joint Statements

The Joint Statement of the 19th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (May 3, 2016, Frankfurt, Germany)

May 3, 2016

We, the Finance Ministers and Central Bank Governors of ASEAN, China, Japan and Korea (ASEAN+3), convened our 19th meeting in Frankfurt, Germany, under the co-chairmanship of H.E. Somdy Douangdy, Deputy Prime Minister and Minister of Finance of Lao PDR, and H.E. Lou Jiwei, Minister of Finance of China.

Continue Reading The Joint Statement of the 19th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (May 3, 2016, Frankfurt, Germany)