{
  "title": "Cross-border Activity of Japanese Banks",
  "publication": "IMF Working Papers, November 22, 2013",
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  "summary": "This paper explores the determinants of Japanese banks’ overseas expansion and assesses whether the growing cross-border activity will continue under the new macroeconomic policies referred as “Abenomics”.",
  "sections": [
    {
      "heading": "Summary and main findings",
      "content": "- This paper explores the determinants of Japanese banks’ overseas expansion and assesses whether the growing cross-border activity will continue under the new macroeconomic policies referred as “Abenomics”.\n- The analysis finds that Japanese banks are well positioned to scale up foreign exposures, thanks to their relative resilient balance sheets and continued growth in the region.\n- Stronger domestic growth in Japan could mitigate the pace, but is unlikely to reverse the expansion as global and regional pull-factors play a more prominent role in the growth of cross-border claims.\n- Increasing cross-border activity could pose funding risks and supervisory challenges and require continued close monitoring."
    },
    {
      "heading": "Determinants and projection under “Abenomics”",
      "content": "- Determinants emphasized:\n  - Relative resilient balance sheets of Japanese banks.\n  - Continued growth in the region (Asia and Pacific).\n  - Global and regional pull-factors dominating the growth of cross-border claims.\n- Projection:\n  - Japanese banks are well positioned to scale up foreign exposures.\n  - Stronger domestic growth in Japan could mitigate the pace of overseas expansion but is unlikely to reverse it."
    },
    {
      "heading": "Risks, supervisory implications, and monitoring",
      "content": "- Potential risks and challenges identified:\n  - Funding risks associated with increasing cross-border activity.\n  - Supervisory challenges stemming from expanded overseas exposures.\n- Policy implication:\n  - Continued close monitoring of cross-border activity is required."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Author: Waikei Raphael Lam\n- Publication date: November 22, 2013\n- Series: Working Paper No. 2013/235\n- Issue: 235\n- Volume: 2013\n- Pages: 18\n- DOI: https://doi.org/10.5089/9781475520484.001\n- Stock No: WPIEA2013235\n- ISBN: 9781475520484\n- ISSN: 1018-5941\n- Subject: Banking; Financial crises; Financial institutions; Foreign currency exposure; Global financial crisis of 2008-2009; Loans; Money; Project loans; Syndicated loans\n- Keywords: Abenomics, Asia and Pacific, bank, bank lending, banks' activity, core profitability, cross-border banking, Europe, exchange rate, Foreign currency exposure, funding risks, Global, Global financial crisis of 2008-2009, Japan, Japanese bank, loan, Loans, overseas activity, overseas expansion, Project loans, Syndicated loans, trust bank, WP\n\nIMF Working Papers. Cross-border Activity of Japanese Banks. By Waikei Raphael Lam. November 22, 2013.\n\n---\n\n Content in this bundle\n\n- wp13235\n  - wp13235 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp13235 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/cross-border-activity-of-japanese-banks-41063"
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    "Authors: Waikei R Lam",
    "Published: November 22, 2013",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781475520484.001",
    "This paper explores the determinants of Japanese banks’ overseas expansion and assesses whether the growing cross-border activity will continue under the new macroeconomic policies referred as “Abenomics”.",
    "The analysis finds that Japanese banks are well positioned to scale up foreign exposures, thanks to their relative resilient balance sheets and continued growth in the region.",
    "Stronger domestic growth in Japan could mitigate the pace, but is unlikely to reverse the expansion as global and regional pull-factors play a more prominent role in the growth of cross-border claims.",
    "Increasing cross-border activity could pose funding risks and supervisory challenges and require continued close monitoring.",
    "Determinants emphasized:",
    "Projection:",
    "Potential risks and challenges identified:",
    "Policy implication:",
    "Author: Waikei Raphael Lam",
    "Publication date: November 22, 2013",
    "Series: Working Paper No. 2013/235",
    "Issue: 235",
    "Volume: 2013",
    "Pages: 18",
    "DOI: https://doi.org/10.5089/9781475520484.001",
    "Stock No: WPIEA2013235",
    "ISBN: 9781475520484",
    "ISSN: 1018-5941",
    "Subject: Banking; Financial crises; Financial institutions; Foreign currency exposure; Global financial crisis of 2008-2009; Loans; Money; Project loans; Syndicated loans",
    "Keywords: Abenomics, Asia and Pacific, bank, bank lending, banks' activity, core profitability, cross-border banking, Europe, exchange rate, Foreign currency exposure, funding risks, Global, Global financial crisis of 2008-2009, Japan, Japanese bank, loan, Loans, overseas activity, overseas expansion, Project loans, Syndicated loans, trust bank, WP",
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