Financial Services Agency Commissioner Yutaka Ito has expressed eagerness to support the realignment of regional banks to enhance financial services in Japan.
"We will do our best to support consolidations and mergers if they contribute to the provision of high-quality regional financial services," Ito said in a recent interview.
Ito, who took office in July, stressed that cooperation with nonfinancial businesses is also crucial for the management of regional lenders.
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