【Native Speaker每日综合训练—46系列】【46-07】经管 Retail Market

cyndichiang

Obstacle 6'11''
BOJ was holding interbank funding rate and market money rate at effectively zero.
QE in bank business meant zero interest
Traditionally, interbank funding rate is higher than sacing deposit rate,but the innovation of QE provided the lending department for the need of profits.
EG;Citibank: At first,it promoted retail foriegn currency deposit.
It offered a significantly higher interest rate for for USD deposits, but now the USD deposit is no longer profitable engought to compensate the cost since the model can be mimiced by other banks.
Now, there is stagment of domestic economy under Abe's policy, while citibank has already approached its potential customers.