Japan

This post examines the current status and future outlook of legacy modernisation in Japan's financial industry based on a survey Celent conducted in 2015. The survey targeted insurers, financial institutions, and brokers. Additional information was gathered in follow-up interviews through 2016.

Profits are under threat on several fronts.

Profit dropped in the past months.

Finally, some order in the fragmented sector has come.

Automated services are shaking Japanese banks' foundations.

Is a profit wipe-out looming over the banks?

Due to negative pressure on asset yields.

NIMs are sitll under pressure.

There's doubt on their growth potential.

Possibly helping Myanmar's banking professionals' competencies.

This could continue near-term.

Thanks to lower credit costs and growing overseas business.

Job opportunities in the accountancy, finance, and banking sectors are growing as many international companies continue to invest in the Asia-Pacific region. Here are the skills in demand across the region.

Tighter credit spread isn't helping, too.

New growth opportunities are scarce.

Ask any finance professional to nominate the key challenge the industry faces today, and they'll likely choose complying with tighter legislations and regulations.