The Japanese government's bond buying program means Japan's mega banks are holding fewer JGBs. But with demand for domestic lending still low, that means the banks are having to hold this capital with the central bank, making little or no profit. Chikako Horiuchi, Director of Financial Institutions at Fitch Ratings, tells the FT's Paul J Davies that this is pushing them to invest overseas
Filmed and edited by Tom Griggs. Additional footage by Reuters.