As Prime Minister Shinzo Abe urges Japanese banks to reduce their stakes in client companies, at least one lender is not playing ball.
Bank of Kyoto Ltd. sees no need to sell stakes in customers such as Kyocera Corp., Nintendo Co. and Nidec Corp., the regional lender's President Nobuhiro Doi said.
The household names differ from the "typical stable shareholdings" of Japanese lenders because Bank of Kyoto invested in them when they were startups and has supported them ever since, Doi, 59, said in a recent interview.