Japanese Finance Minister Taro Aso said on Friday he did not believe the central...
FILE PHOTO: Japanese Finance Minister Taro Aso takes questions from reporters at the annual meetings of the International Monetary Fund and World Bank in Washington, U.S., October 18, 2019. REUTERS/James Lawler Duggan
Aso made the comment after Mitsubishi UFJ Financial Group confirmed it was weighing such a move, following a report in the Nikkei business daily that the bank was considering fees on dormant accounts and other services. Asked whether ill-effects of the Bank of Japan’s negative interest rate policy were affecting individuals through deterioration in financial institutions’ profits, Aso said: “I’m not aware of that.”
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