• SHARE

The nation’s second-tier regional banks need to make greater efforts to dispose of their nonperforming loans and prepare for the upcoming “Big Bang” financial deregulation, Finance Minister Hiroshi Mitsuzuka said July 17.

Speaking at the annual meeting of the Second Association of Regional Banks, the finance minister stressed the need for individual financial institutions to maintain healthy management, increase capital and streamline operations. Second regional banks should continue to serve the financial needs of their local regions, he said, adding that deregulation would open doors for new business opportunities.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW