From the time of the introduction of QQE up until September 2019, loans by domestically licensed banks, which had been on a declining trend, increased by 79 trillion yen while deposits increased by as much as 161 trillion yen.26 In this context, news reports suggest that financial institutions are struggling to attract personnel and that staff members are  26  Bank of Japan, Financial Institutions Accounts.
18  retiring early.27 While this is reported as though it is troublesome, it consequently could lead to a reduction in the number of personnel contributing to the collection of more deposits than needed and in that of branches. I think that this would increase the productivity of the banking sector, and thus of Japan's economy as a whole.