Japan Bankers Head: Expect More Regional Bank Consolidation
January 27 2009 - 1:08AM
Dow Jones News
The head of the Japanese Bankers Association said Tuesday that
the domestic real economy is worsening more than expected.
"With the sharp decline in exports as the starting point, the
entire domestic economy is under downward pressure," Seiji Sugiyama
said at a regular press conference.
He added the business environment will likely remain harsh for
Japanese banks for at least the rest of this year.
-By Juro Osawa, Dow Jones Newswires; 813-5255-2957;
juro.osawa@dowjones.com
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