boj minutes, 2019-12-19
Meanwhile, one member commented that households and firms in total had positive net financial worth, and that, if account maintenance fees were charged on their savings, (1) the negative impact of a decline in returns on their assets could be greater than the positive effects of a decrease in the costs on liabilities resulting from borrowing and (2) income disparity could widen since shareholders who had stocks with a relatively high rate of return would be at an advantage, depending on developments such as in stock prices.
Sentiment: neutral
Topic: mp_credit