Bank scandal shows the BOJ is in trouble

It’s the rare corporate scandal that says virtually everything about why a top-three economy is underperforming. The shenanigans involve Suruga Bank, a regional institution headquartered in Shizuoka prefecture. It had been touted in recent years as a role model amidst the negative interest-rate world. Executives at Suruga, it seemed, solved the riddle of generating healthy profits even as […]