TOKYO -- Japanese Chief Cabinet Secretary Yoshihide Suga, who this week announced his bid for the presidency of the ruling Liberal Democratic Party, is keen to consolidate the country's regional banks, now suffering from low margins due to the Bank of Japan's ultraloose monetary policy.
Asked about the negative effect of the BOJ's yearslong aggressiveness, Suga on Wednesday talked about a future in which there would be "too many regional banks."
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