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Japan Authorizes Merger of Hachijuni Bank and Nagano Bank

The Financial Services Agency of Japan approved the merger of the two banks under Article 30, Paragraph 1 of the Banking Act.

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Terms & Concepts
  • Banking Act Article 30, Paragraph 1: A provision in Japan’s Banking Act requiring regulatory approval for bank mergers and other significant structural changes.
  • Financial Services Agency (Japan financial regulator): Japan’s government body overseeing banking, securities, and insurance sectors to ensure financial stability.