ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business

Common challenges spur merger of Japan's Mie Bank, Daisan Bank

April 2018 move aimed at coping with rivalries, population woes

TOKYO -- Japan's Mie Bank and Daisan Bank on Tuesday said they have agreed to merge, in principle, as they strive to boost their competitiveness and deal with demographic challenges.

The two regional lenders are headquartered in the prefecture of Mie, southwest of Nagoya. They plan to pair up under a new holding company to be established on April 2, 2018. They will set up a committee to prepare for the merger and aim to reach a final accord by this September.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more