BOJ’s Kuroda: Aggressive monetary easing helps Japan’s economy expand moderately

“Japan's economy expanding moderately thanks in part to BOJ’s aggressive monetary easing,” Bank of Japan (BOJ) Governor Haruhiko Kuroda said in a statement on Wednesday.

He said, “it's true Japan’s low-interest rate environment has had an impact on regional banks through various channels.”

Meanwhile, Japanese PM Fumio Kishida was reported as saying that “consolidation is among options for regional banks to prop up their business health, but any decision must lead to revitalization of regional economies.”