TOKYO -- The Japanese government will offer subsidies to help the nation's overpopulated regional financial institutions merge or integrate management as early as summer next year, Nikkei has learned.
The government will extend subsidies to regional banks and credit unions, which will cover part of their transition costs such as those for integrating systems when they reorganize. Each institution can receive up to around 3 billion yen ($28.5 million), depending on its size.
