14 To push forward with these initiatives strongly and effectively, the use of digital technology, integration or partnering among financial institutions, and alliances with firms outside the financial industry can be effective options. The Bank will continue to support these efforts by financial institutions. IV. Economic Developments in Aomori Prefecture Now, I would like to talk about the economy of Aomori Prefecture.
Looking at current developments, economic activity in Aomori Prefecture has been on a moderate recovery  14  For discussions based on the comparison of financial institutions in Japan with those overseas, see Hiroshi Nakaso, "New Frontier of Macroprudential Policy: Addressing Financial Institutions' Low Profitability and Intensified Competition," speech at the Kin'yu Konwa Kai (Financial Discussion Meeting) hosted by the Jiji Press, November 29, 2017, http://www.boj.or.jp/en/announcements /press/koen_2017/ko171129a.htm/.