日本都市银行三巨头的国际经营效益及启示  

Foreign Operation,Economy Benefits and Lessons from Experience of Japan’s Big 3 Banks

作　　者：王应贵[1] 娄世艳[1] WANG Yinggui;LOU Shiyan(Faculty of Finance,City University of Macao,Macao,China)

机构地区：[1]澳门城市大学金融学院,澳门

出　　处：《现代日本经济》2020年第4期50-60,共11页Contemporary Economy OF Japan

基　　金：澳门基金会资助项目“澳门博彩业对金融安全的影响估算与路径研究”(MF1920)。

摘　　要：日本银行三巨头(三菱日联、瑞穗集团和三井住友)在日本资本输出中发挥了重要作用,鉴于国内经济长期低迷,利率处于超低水平,甚至转为负利率,三巨头于2005年完成国内业务调整之后重新回到国际化经营的道路。三巨头的净利差、生息资产(含证券投资)收益和净利润来源表明,其国际化经营取得了较为理想的经济成效,弥补了国内业务收入不足的短板。当前,世界经济形势不容乐观,量化宽松政策又成新常态,三巨头对国际化经营的依赖将会有增无减。与欧美大银行相比,日本银行巨头在国际化经营过程中也暴露出不少问题,如管理理念落后、创新不足以及管理实践滞后等。然而,日本三大行海外经营的地区布局、业务选择、海外并购和境外同行合作对我国银行具有较大的借鉴意义。As the third largest economy,Japan is a top exporting country of international capital,and Big 3 banks consisting of Mitsubishi UFJ,Mizuho and Sumitomo play an important role.As Japan’s economy has long been weak,and interest rates at historically low levels,even negative,the Big 3 reinforced their international operations in 2005,after putting their houses in order.Net interest spreads,investment portfolios and sources of net profit point to their economic achievements and their global strategies have yielded,strongly complementing their thin profits at home.In the light of the shaky world economy,quantitative easing has been back on track,and the Big 3 banks will rely more on overseas operations.Compared with large European and American banks,the Big 3 also exposed many problems in the process of internationalization,such as backward management philosophy,insufficient innovation,and postponement of management practices.Nevertheless,their geographical locations,business service offered,acquisitions of foreign businesses and strategic alliance with foreign peers have great implications for Chinese banks.

关 键 词：负利率 日本银行业 三巨头 国际经营 资本输出 

分 类 号：F832.313.2[经济管理—金融学]