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Japan lenders tapping Fed dollars for clients, bank group says

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Banks in Japan tapped the Fed for more than US$180 billion last month alone to become one of the biggest users of the central bank programme aimed at boosting global liquidity.

[TOKYO] Japanese banks are scooping up cheap dollar funding from the US Federal Reserve to satisfy demands for the currency from corporate clients during the coronavirus outbreak, according to the new head of a bank industry group.

Banks in Japan tapped the Fed for more than US$180...

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