Two Japanese regional banks’ shares surge in latest merger pact

The move is the latest example of Japan's regional lenders joining forces in a market hit by a shrinking population.

Two Japanese regional banks’ shares surge in latest merger pact
Two Japanese regional banks’ shares surge in latest merger pact Photo: The Japan Times

Shizuoka Financial Group President Hisashi Shibata (center), Bank of Nagoya President Ichiro Fujiwara (right) and others at a news conference in Tokyo on Friday
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Shizuoka Financial Group and Bank of Nagoya reached an agreement to consolidate their operations under a holding company, in the latest example of Japan’s regional lenders joining forces in a market hit by a shrinking population
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Source: This article was originally published by The Japan Times

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