business

Japan's banks downsize to stay alive

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Same everywhere really. With technology and mobile phone banking, customers can do more and more by themselves without needing to go into the branch or call the bank. Bank procedures are being streamlined as well. In a nutshell fewer staff are needed.

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Probably will go back to business model 30 yrs ago with speculative trading to make money. With low interest rates and online banking, what else can they do?

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