Japan's government plans to change anti-monopoly rules to encourage the con...
FILE PHOTO: A man runs on a crosswalk at a business district in central Tokyo, Japan September 29, 2017. REUTERS/Toru Hanai
The changes will be part of a government growth strategy to be announced this summer, and reflect Prime Minister Shinzo Abe’s desire to enhance transparency on rules for bank consolidation, the newspaper said. The exemptions will be in effect for five or 10 years and banks will be encouraged to consolidate within that time frame, the paper said.The government is debating changes to anti-trust regulations for banks, but has not decided whether it will submit any bills to parliament, a government official with direct knowledge of the matter told Reuters.
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