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Finance

Japan's competition watchdog at odds with financial sector over mergers

Customer convenience of prime importance as JFTC official asks, 'Consolidation for whom?'

Akinori Yamada, secretary general of the Japan Fair Trade Commission, speaks about mergers involving regional banks at a press conference in Tokyo on Wednesday.

TOKYO -- The rift is widening between Japan's regional banks and the Japan Fair Trade Commission, even as the competition watchdog continues to deny it is hindering integration deals.

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