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Japanese banks seen losing profit driver as Asian economies slow

Japanese banks have been expanding in Asia through acquisitions such as Mitsubishi UFJ's 2013 purchase of Bangkok-based Bank of Ayudhya pcl..


JAPAN's three biggest lenders will probably report a drop in second-quarter profit after Asia's economic slowdown weakened overseas loan growth and global financial-market volatility crimped fee businesses.

Combined net income at Mitsubishi UFJ Financial Group Inc, Sumitomo