Japan's Finance Minister Taro Aso attends the G20 Finance and Central Bank Deputies Meeting in Tokyo, Japan January 17, 2019. REUTERS/Issei Kato
Aso, who also serves as minister overseeing the financial services watchdog, made the comment days after an advisory panel to Prime Minister Shinzo Abe discussed a plan to ease antitrust rules that would enable some regional banks to merge. To address this concern, the government is likely to ease merger rules on a temporary basis and strengthen the monitoring of newly merged banks to ensure they do not abuse their larger share of local lending.
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Disciplining financial markets in the TRUE SPIRIT is the only option if all the allies think they truly should reverse and return...