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Japan bank mergers now a matter of averting 'extinction'

Regional lenders facing negative interest rates in addition to ageing and emptying rural communities

Tokyo

HIROSHI Iwama and Mitsunori Watanabe used to joke about merging their banks in central Japan. When the Bank of Japan introduced negative interest rates last year, things got serious.

The two golfing buddies run Mie Bank and Daisan Bank, two of Japan's roughly 100 regional

sentifi.com

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