May 18, 2020 / 12:10 AM / 10 days ago

BRIEF-Fitch Says Coronavirus Pressures Japanese Banks' Operating Environment

May 17 (Reuters) - Fitch Ratings:

* CORONAVIRUS PRESSURES JAPANESE BANKS’ OPERATING ENVIRONMENT

* SAYS EXPECTS A DEEP GLOBAL RECESSION IN 1H20 FOLLOWED BY A MODERATE RECOVERY THROUGH 2021

* JAPANESE BANKS CHALLENGES TO RESTORE PROFITABILITY OVERLAYED BY OPERATING CONDITIONS ASSESSED TO BE WEAKER, MORE DISRUPTIVE AFTER VIRUS OUTBREAK Source text for Eikon:

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