To achieve the necessary efficiency gains and keep profitability and capitalization levels high over the long term the organizational structures and business models of these banks need to be overhauled. Incisive action must be taken to reduce costs, as is being done in the other banks.
January 17, 2019  Bank  of  Japan  Opening Remarks at the G20 Finance and Central Bank Deputies Meeting  Haruhiko Kuroda Governor of the Bank of Japan  Good afternoon.