## Figure 2.5. Japan: Banks’ Adaptation to the Deposit Rate Lower Bound Period

## Source details

**Canonical URL:** [Figure 2.5. Japan: Banks’ Adaptation to the Deposit Rate Lower Bound Period](https://www.imf.org/-/media/files/publications/gfsr/2017/april/figure2-5.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2017/april/figure2-5.pdf.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2017/april/figure2-5.pdf.json)

---

### 1. Average Asset Maturity, 2000–15 (Years)
- Vertical axis ticks shown: 0.0, 0.5, 1.0, 1.5, 2.0, 2.5, 3.0, 3.5, 4.0
- Time axis points shown: 2000 05 10 15
- Series indicated: Major banks; Regional banks; Shinkin banks
- Captioned finding: Smaller banks have taken more interest rate risk.

### 2. Share of Foreign Business of Major Banks, 2006–15 (Percent)
- Time axis points shown: 2006 07 08 09 10 11 12 13 14 15
- Income components noted: Fee and commission income; Net interest income on loans
- Captioned finding: Large banks have expanded abroad.

### 3. Operational Cost Ratios, 2000–15 (Percent of total earning assets)
- Vertical axis ticks shown: 0.6, 1.0, 1.4, 1.8
- Time axis points shown: 2000 05 10 15
- Series indicated: Major banks; Regional banks; Shinkin banks
- Captioned finding: Smaller banks have also cut costs.

### 4. Number of Branches, 2005–15 (Index; 2005 = 100)
- Vertical axis ticks shown: 94, 96, 98, 100, 102, 104, 106
- Time axis points shown: 2005 10 15
- Series indicated: Major banks; Regional banks; Shinkin banks
- Captioned finding: Branch closures contributed to cost reductions at smaller banks.

- Overall summary bullets:
  - Panels present bank-level adaptations over 2000–15 and 2006–15 across maturity, foreign business share, cost ratios, and branch networks.
  - Specific series shown for Major banks, Regional banks, and Shinkin banks across panels.
  - Interpretive captions in the figure emphasize: smaller banks took more interest rate risk; large banks expanded abroad; smaller banks reduced costs in part by closing branches.

*Sources: Bank of Japan; Fitch Connect; Japanese Bankers’ Association; and IMF staff calculations.*

---


_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/april/figure2-5.pdf_