奥纬咨询：2024日本大型银行未来展望报告（英文版）

The Japanese banking industry is among the largest in the world, but equity investors do not value Japanese megabanks like global leaders in the industry. The valuation gap to global peers is 70% today. We believe this valuation gap will remain stubbornly wide unless the megabanks take action to address investor concerns. The old news is that the organizational and operational complexity of the domestic megabank model is a major concern for investors — this will take time to address and may neve