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BOJ's low-rate policy not behind megabank's fee moves: Aso - Metro US

BOJ’s low-rate policy not behind megabank’s fee moves: Aso

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
Reuters

TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Friday that he did not believe the central bank’s negative interest rate policy was behind a megabank’s decision to consider implementing fees on various banking services.

Aso made the comment after the Nikkei business daily reported that Mitsubishi UFJ Financial Group (MUFG) was considering fees on dormant accounts and other services.

(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)

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