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.
Disciplining financial markets in the TRUE SPIRIT is the only option if all the allies think they truly should reverse and return...
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