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Regional Banks Association to Address Increased Interest Burden on Customers Following Bank of Japan Interest Rate Hike: Carefully Explain Increased Interest Payments to Borrowers
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At a regular press conference on the 16th, Minoru Yagi, chairman of the National Association of Regional Banks (and president of Shizuoka Bank), stated that the bank will "stand by customers and respond appropriately" to those whose interest burden will increase due to the Bank of Japan's interest rate hikes. He added that if interest rate hikes continue, the rising lending rates will increase the interest payments of borrowers, and therefore...
·Japan
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