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Economy

The BOJ plays good cop, bad cop to help ailing regional banks

Japan's central bank (gently) pushes lenders to cut costs and raise fees

Bank of Japan Gov. Haruhiko Kuroda reiterated his willingness to push short-term interest rates further into negative territory in October, a policy which squeezes banks' profits.   © Reuters

TOKYO -- The Bank of Japan, the country's central bank, has recently been giving tips to struggling regional banks: If they can cut expenses by 10% and increase their fee income by the same amount over the next 10 years, they will be able to turn their businesses around.

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