Japan's regional banks make use of 'amakudari'

Retired senior officials from the Bank of Japan and Ministry of Finance are taking over 7% of well-paid jobs in Japan's regional banks, a process known as 'amakudari', according to Teikoku Databank Ltd.

Retired officials from such organisations made up 110, or 7.3 per cent, of the 1 ,514 directors at 111 regional and second-tier regional banks in fiscal year 2003, according to Teikoku Databank Ltd.

The practice of retired civil servants landing well-paying jobs in the private sector is known as

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