Japanese Major regional banks such as 77 Bank, The Hokuriku Bank, Ltd., The Hiroshima Bank, Ltd. increased their respective regional market shares
– Regional banks gaining higher profiles, accounting for a record high 38.6% of the Japanese banking industry nationwide –
The Financial Services Agency announced its “policy package for management support for small and medium-size enterprises (SMEs)” as an exit strategy for the upcoming termination of the Financing Facilitation Act at the end of March next year. The Agency laid out policies to further emphasize the link between companies and financial organizations, urging the financial organizations to exercise their business revitalization consulting skills. As rebuilding regional economies and corporate management through the cooperation of the two bodies is becoming an urgent task, the relationship between corporations and main banks is facing an unprecedented critical phase.