Japan's regional banks turn to tech under pressure to evolve

Negative interest rates and shareholders force managers to adopt new ways

20220520 local bank

Japan's regional lenders are gaining a sense of urgency and becoming more IT literate, trends investors appear to be applauding. (Source photos by Ken Kobayashi and Kaisuke Ota)

MITSURU OBE and TSUBASA SURUGA, Nikkei staff writers

TOKYO -- Signs are emerging that Japan's regional banks are starting to address their chronic profitability problems with a belated shift to cloud infrastructure and other cutting-edge solutions.

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