Japan's banks can't blame BOJ for their problems, new head of lobby says

When the "top" makes policy decisions and then tells everyone under them they should be looking out for their own, it send a pretty confusing message, particularly for Japan.

I for one do not want to see my local bank going off on it's own!

Ummmm yes. Yes they can and should.

Banks are never to be trusted. Especially when they are central banks like the BOJ. They keep putting putty on the aging dam and telling everyone that it's perfectly safe and will never break.

If the BOJ force interest rates to zero how are banks expected to make a profit? Who could make money selling 30 year mortgages at 1% interest when the BOJ inflation target is 2%? Perhaps Takashima could explain how the banks can profit in this environment. But he won't, because he can't.

Abenomics is working fine.