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Japan banks face tricky task of unwinding stocks

Top lenders may sell cross-shares with book value of 1.9t yen over next five years or so
Tuesday, December 8, 2015 - 05:50

Tokyo

A SOARING stock market and pressure from Prime Minister Shinzo Abe have eroded Japanese banks' resistance to unwinding shareholdings in key corporate clients.

The largest lenders including Mitsubishi UFJ Financial Group Inc pledged last month to sell as much as US$15 billion

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