Japan's Banks Scorn Negative Rates

Three months after the Bank of Japan adopted negative interest rates, we're finally starting to see what impact it's having on the nation's banks, and it does not look pretty. Shares in the so-called "megabanks" have plunged as they forecast lower profits while bad debts are rising. Bloomberg's Juliette Saly reports on "First Up." (Source: Bloomberg)

Full Show: Surveillance (08/21)
10:31 - Bloomberg Surveillance hosted by Francine Lacqua and David Gura. Guests include James Bevan of CCLA Investment Management , Nathan Sheets of PGIM, and Soren Skou of AP Moller-Maersk A/S. (Source: Bloomberg)
  • Full Show: Surveillance (08/22)
  • Full Show: Bloomberg Daybreak: Americas (08/21)
  • Draghi Says Research Confirms Central Banks Not Powerless