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As Goldman enters fray, Japan banks face more growth worries

US-China trade war adds to credit costs, but megabanks continue overseas push

Japanese mega banks, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, warn of a prolonged low-growth, low-rate environment. (Photo by Ken Kobayashi)

TOKYO -- Japan's three biggest bank groups on Wednesday warned of prolonged low profit growth after reporting weak annual earnings, no thanks to the U.S.-China trade row and intensifying competition from digitized services.

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