Japan's Fukui on financial services

Toshihiko Fukui, governor of the Bank of Japan, gave a speech on July 22 about the significance of efficient financial services for the future of Japan's economy.

The governor spoke about the current state of the Japanese financial system, how it needs to evolve to meet new challenges, and what role the central bank can play in encouraging reforms.

The governor referred to the success in reducing nonperforming loans, in both major and regional banks. "As we move toward the full removal of blanket

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