Rakuten Bank Sees Edge Over Rivals
August 7, 2023
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2:33Now PlayingRakuten Bank Sees Edge Over Rivals
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as posted by the channelRakuten Bank is better positioned than rivals to enjoy a profit boost when the Bank of Japan eventually ends its negative interest-rate policy, says CEO of the Japanese online lender. A rise in short-term rates would have an immediate benefit for the newly listed bank given that most of the loans and other assets on its books have adjustable rates, Rakuten Bank CEO Hiroyuki Nagai tells Bloomberg News' Taiga Uranaka in an exclusive interview.
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