Japan's Megabanks Predict Bumper Profit, Resist Buybacks

The transcript discusses the profit forecasts of major Japanese banks, highlighting their confidence in overcoming economic challenges despite not engaging in buybacks due to global financial system anxiety. Japanese banks benefit from higher interest rates but face paper losses on foreign bonds. The Bank of Japan's cautious approach to policy normalization, including maintaining negative interest rates, continues to impact banks' domestic lending margins.

What challenges do Japanese banks face despite their current profits?

What is the current stance of the Bank of Japan regarding policy normalization?