Introducing a special system for the BOJ's regional banks and shinkin banks November 10, 16:12

The Bank of Japan has decided to introduce a special system to support regional banks and credit unions, which continue to face a difficult business environment due to the effects of the new coronavirus.

We support local banks and credit unions that are trying to strengthen their management base through cost reductions and business integration by paying an additional interest rate of 0.1% per year to the current deposits deposited with the Bank of Japan.

The application period for the system will be three years from this year to 2022, and the Bank of Japan will consider the details of the system before implementing it.