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POLITICS

NASB Director says, “No” to raising deposit cap at JP Bank

  • 2015-06-22 15:00:00
  • , Nikkei
  • Translation

(Nikkei: June 20, 2015 – p. 5)

 

 During a general meeting of the National Association of Shinkin Banks (NASB) on June 19, NASB Director Koji Ohmae, president of Johoku Shinkin Bank, said in a critical tone: “We will never accept the idea of raising the cap on deposits at Japan Post Bank (to 10 million yen).”

 

 Ohmae pointed out that “if the upper limit on deposits were raised, the regional banking system would collapse.”

 

 Prime Minister Shinzo Abe and Taro Aso, minister of state for financial services, who delivered speeches at the meeting, did not refer to the matter.

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