Press Conference by Taro Aso, Deputy Prime Minister, Minister of Finance, and Minister of State for Financial Services
(Excerpt)
(Friday, August 10, 2018, 10:25 am to 10:31 am)
[Questions and answers:]
-
Q.
-
In response to the issued order for business improvement, Higashi-Nippon Bank is expected to submit a business improvement plan today or next Monday. What is your expectation toward the overhaul of Higashi-Nippon Bank, as well as the Concordia Financial Group as the leading regional banking group? Please comment, including the governance point of view.
-
A.
-
Building trust is at the core of bank operations, since banks look after customers’ money. No bank should handle someone else's money without gaining their trust. We asked Higashi-Nippon Bank to submit its business improvement plan by August 13. Upon receiving it, we will conduct a detailed analysis on the effectiveness of the plan. I hope that they should successfully improve their business operations.