Local economies in Japan now face stagnation due to decreasing population and aging society.
There is huge economic difference among metropolitan areas and rural areas.
Local financial institutions including cooperative financial institutions can play roles of reactivating
local economies. Each type of cooperative financial institutions such as Shinkin banks, credit unions,
labor banks and JA banks have already developed several initiatives of relationship banking. We
have witnessed broad networks of partnerships among financial institutions, corporations, and
professionals. Cooperative financial institutions support local economies. We should keep considering
what public interest implicates to cooperative financial institutions.
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