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Finance

As Japan ponders data rules, 40% of financial firms send user info overseas

Beyond Line, banks, brokerages and insurers outsource tech to China and elsewhere

Of the 49 financial services companies that responded to a Nikkei poll, 21 said they have sent user data from Japan overseas.

TOKYO -- With Japanese corporate management of personal information under scrutiny after revelations at messaging app Line, a Nikkei survey shows that about 40% of leading financial services institutions in Japan store or transfer customer data abroad.

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