The Bank of Japan has decided to review some of the support systems it has set up to strengthen the management base of regional financial institutions.
Since the amount of support is expected to increase significantly from the initial assumption, we will set a new upper limit for each financial institution to prevent the amount of support from swelling.
The Bank of Japan refers to a support system in which regional financial institutions such as regional banks and credit unions pay an annual interest rate of 0.1% on the "current deposit" deposited with the Bank of Japan when reducing costs or integrating management3. It was set up in the month.
The aim is to strengthen the management base of regional financial institutions, but the amount of support for regional financial institutions has increased due to the increase in the balance of current deposits due to the extension of another support measure introduced as a measure against the new corona. It is expected to increase significantly from the initial estimate of 70 billion yen.
For this reason, the Bank of Japan has decided to partially review the support system and set a new upper limit for each financial institution.
The Bank of Japan wants to prevent the amount of support from swelling due to this review and ensure proper operation.