President of the Regional Banks Association of Japan A certain understanding of the response of the government and the Bank of Japan

President of the Regional Banks Association of Japan A certain understanding of the response of the government and the Bank of Japan November 18, 18:39

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Yasuyoshi Oya, chairman of the Regional Banks Association of Japan, said at a press conference that the government and the Bank of Japan are working to improve the environment to support reorganization in order to strengthen the management base of regional banks. However, he showed a certain understanding of the response of the government and the Bank of Japan.

In order to support the reorganization of regional financial institutions, which continue to face a difficult business environment, the government plans to establish a new system to support a part of the expenses for business integration.

The Bank of Japan has also decided to introduce a special system to support regional banks and credit unions that are trying to strengthen their management base.

Regarding this, Yasuyoshi Oya, chairman of the Regional Banks Association of Japan, said at a press conference that "reorganization is just a means, not an end", but "reorganization is necessary and the value in the region will increase. Is a supportive policy.

It will be appreciated by the restructuring side, "he said, showing a certain understanding of the response of the government and the Bank of Japan.

He added, "I think it is the message of the authorities that financial institutions that are concerned about providing services should think carefully in a difficult business environment."

On the other hand, Chairman Oya said that the BOJ's special system "is a recognition that it intends to mitigate the negative effects of the negative interest rate policy as much as possible."

Chairman of the Regional Banks Association of Japan "Increasing strictness in the personal service industry"

Yasuyoshi Oya, chairman of the Regional Banks Association of Japan, said at a press conference that the Tokyo Metropolitan Government plans to raise the infection status of the new coronavirus in Tokyo to the highest alert level of the four stages. I think I'm getting used to it, so the impact on the economy may be a little less than it is. "

He added, "If we take a break from economic activities again, we cannot deny that the industries that provide services for individuals such as accommodation and food and drink will become more difficult," he said.