Prime Minister Suga Yoshihide has stated that there are too many regional banks, which has sparked discussion of their restructuring. Restructuring, however, is a means to an end, not an objective in itself. The prime minister has yet to explain what the objective should be.
Regional Companies Face a Mountain of Issues
Prime Minister Suga Yoshihide has called for a paring down of the numbers of regional banks active in Japan, but he has yet to set forth a clear goal that this industry restructuring would achieve. There is actually no need to wait for this statement from the prime minister, though. If we accept the the restructuring of regional banks as necessary, the end goal is easy enough to imagine. One objective frequently cited in d…
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