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PrintBRIEF-Japan Bankers Association Chair - The Banking Industry Is Seeing More Inquiries From Individual Customers Concerning The Impact Of Interest Rates And Fixed Rate Products Such As For Housing Loans
BY Reuters | ECONOMIC | 09/19/24 03:02 AM EDTSept 19 (Reuters) -
* JAPAN BANKERS ASSOCIATION CHAIR: THE BANKING INDUSTRY IS SEEING MORE INQUIRIES FROM INDIVIDUAL CUSTOMERS CONCERNING THE IMPACT OF INTEREST RATES AND FIXED RATE PRODUCTS SUCH AS FOR HOUSING LOANS
* JAPAN BANKERS ASSOCIATION CHAIR: I HOPE THAT WHOEVER BECOMES THE NEW PRIME MINSTER WILL CONTINUE KISHIDA GOVERNMENT'S SUCCESSES IN BRINGING ABOUT THE MOVE FROM SAVINGS TO INVESTMENT
* JAPAN BANKERS ASSOCIATION CHAIR: UNTIL NOW THE FOCUS WAS ON THE TIMING OF THE LOWERING OF INTEREST RATES IN THE US, NOW THE FOCUS IS THE SPEED OF REDUCTION
* JAPAN BANKERS ASSOCIATION CHAIR: FOR BANKS WITH LARGE OVERSEAS OPERATIONS, LOWERING OF US INTEREST RATES WILL HAVE SMALL NEGATIVE IMPACT Source text for Eikon: Further company coverage: [ ] (Reporting by Anton Bridge)
