Mizuho CEO Sees Two More Years of Japan Central Bank Easing
- Politics, sales tax are among barriers, Sato says in interview
- Sato says it will be difficult to achieve 2 percent inflation
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The Bank of Japan will continue with its unprecedented monetary easing policy for a “couple more years” and it will remain tough for lenders to make money from doling out credit, according to the top executive at Mizuho Financial Group Inc.
“Just simple lending business is not so profitable, and this situation will last,” Chief Executive Officer Yasuhiro Sato said in an interview on Wednesday with Bloomberg Television’s Haslinda Amin in Davos, Switzerland. Banks will need to keep diversifying into areas such as advising, bond sales and trust-related business, he said.