At a press conference, Toyoaki Nakamura, a member of the Bank of Japan's policy-making committee, acknowledged that restructuring is an option for regional banks in a difficult business environment.
The Bank of Japan's Deputy Commissioner Nakamura attended a press conference online from the head office at a round-table conference with economic organizations in Kochi Prefecture.
In response to the question about the reorganization of regional banks in Kochi prefecture, Deputy Commissioner Nakamura said, "In the long run, it is affected by the prolonged low interest rates and the declining population. Reorganization is also an option for the sustainable development of the local economy amid growing feelings. "
On top of that, "I think financial institutions will make their own decisions, but I think there is a possibility of strengthening the management base through business integration and alliances with other industries. I hope that they will continue to play a central role in supporting the local economy. I have. "