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Bankers associations of Taiwan and Japan to strengthen cooperation

Bankers associations of Taiwan and Japan to strengthen cooperation

Tokyo, Oct. 19 (CNA) The Bankers Association of the Republic of China and the Japanese Bankers Association signed a memorandum of understanding (MOU) on cooperation on Monday that pledged to jointly promote the future development of the banking industry in the two countries. Representing their respective organizations, Lee Jih-chu (???), chairperson of the Taiwan-based bankers group, and her Japanese counterpart, Yasuhiro Sato, signed the agreement at a ceremony held in Tokyo. Under the MOU, the two organizations will work together to create better and healthier conditions for the future development of the banking industry in the two countries by sharing information and learning from each other through seminars. Lee said the two countries' financial sectors are now confronted with low interest rates, declining profits, and fast-aging societies, and are facing similar challenges posed by the rapid development of online financial and digital technologies. The financial sectors in the two countries have realized that they have to promote their businesses by focusing on fee revenue, asset management services, overseas cooperation and opportunities in aging society, she said. Because the financial sectors of Taiwan and Japan are facing similar challenges and opportunities, they have decided to develop cooperative ventures to better seize potential opportunities, she said. (By Yang Ming-chu, S.C. Chang and Romulo Huang)


Updated : 2021-09-16 23:13 GMT+08:00