• Kyodo News


The Financial Services Agency envisions creating a new category of regional private-sector financial institutions whose functions will be limited to providing loans to small businesses and citizens in low-income brackets, according to FSA officials.

The FSA envisages getting the lenders to complement the lending functions of credit associations, known as “shinkin” banks, and credit unions that are finding it difficult to grant loan applications from such low-income people at a time when income disparities are expanding among citizens belonging to a range of income brackets, they said Thursday.

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