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Japanese megabanks face US funding squeeze

High swap costs leave them with few satisfactory alternatives for US dollar funding

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Mitsubishi UFJ Financial Group has seen its loan-to-deposit ratio fall to 115.1 per cent from 117.8 per cent in March 2015 on the back of a rise in deposits.

Hong Kong

JAPANESE megabanks are emerging as the biggest victims of a worsening squeeze in the US$1 trillion commercial paper market, as high swap costs leave them with few satisfactory alternatives for US dollar funding.

Investors have pulled billions out of prime money-market

sentifi.com

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