INTERVIEW: Ogaki Kyoritsu Bank to Act Swiftly amid Changing Markets
Ogaki, Gifu Pref., Aug. 15 (Jiji Press)--Takaharu Hayashi, president of Ogaki Kyoritsu Bank, has stressed the importance of speed in responding to the changing market situation marked by the yen's weakness and the Bank of Japan's interest rate hikes.
"We can't respond without being more conscious of speed," he said in a recent interview. The regional bank operates mainly in the central Japan prefecture of Gifu and neighboring areas.
Hayashi said the bank will strengthen its assistance to customers such as small and midsize corporations while introducing external training for its bankers, many of whom have not experienced a period of rising interest rates.
The BOJ raised its policy interest rate last month after scrapping its negative interest rate policy in March to mark its first interest rate increase in 17 years.
Hayashi said that a phase of rising interest rates is totally new to those in their 20s and 30s.
(2024/08/15-19:53)
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NATION
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