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Business trends

Japanese banks tap the brakes on Asian expansion

MUFG and Sumitomo Mitsui focus on quality rather than quantity of loans

ATM machines of Krungsri, or Bank of Ayudhya, are seen in Bangkok, Thailand. MUFG is the bank's main shareholder.   © Reuters

TOKYO -- Japanese banks are moderating their push into other Asian markets amid signs of economic slowdowns across the region.

The balance of overseas loans at Mitsubishi UFJ Financial Group, the nation's largest bank, stood at 43.9 trillion yen as of December, down 2.7% from 45.1 trillion yen a year earlier, according to the lender's third-quarter earnings release.

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