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Japan to crack down on struggling regional banks

Many lenders that serve localities have scant prospects of improvement

The FSA will incorporate measures of future viability when assessing the regional banks.   © Reuters

TOKYO -- Regional banks in Japan that are barely getting by will soon face even greater pressure from the government to overhaul operations in an effort to grapple with a sector battered by shrinking populations in the countryside and years of ultra-low interest rates.

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