So if you're looking for someone who does excellent comedy in Japanese, I'd recommend this guy. As to the actual content: the non-obvious rationale is "Consumer banking has to make money somehow; options are limited in a low interest rate environment."https://twitter.com/Dogen/status/1180419355827298305 …
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A rough sketch of the math: running a bank involves relatively low marginal costs for the marginal account but relatively large fixed costs. To pull its weight on those fixed costs, a consumer banking relationship has to generate about $100 to $200 a year in margin.
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A typical middle class consumer in the US might have an average over time of $3000 in their checking account, which earns ~$45 of net interest income annually. They charge $500 a month on their debit card; there's another $60 to 120.
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The same customer in Japan generates ~$1 in net interest income and charges $100 per month on their debit card, for a total margin contribution of about $25 per year.
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End of conversation
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Hah, I was thinking about sharing this video on Japanese banks with you.https://youtu.be/BbS6JrBcQ4M
Thanks. Twitter will use this to make your timeline better. UndoUndo
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