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Japan's MUFG to end 24-hour ATM operations

Spread of cashless services means reduced demand for cash machines

MUFG Bank will end 24-hour operation of ATMs in Tokyo and other areas in Japan, with their use between midnight and 6 a.m. halving from five years ago. (Photo by Yuki Nakamura)

TOKYO -- Japan's MUFG Bank will limit operation hours of its ATMs by the end of fiscal 2023 to cut costs, as the number of users in the early hours decreased due to the spread of cashless services, Nikkei has learned.

The bank's ATMs are currently available 24 hours a day in 98 locations across Japan, in its urban branches like Tokyo, Osaka, and Aichi Prefecture, as well as near train stations and at airports.

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