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Finance

Japan to ease investment rules to push bank-fintech marriage

Proposal also to make sharing of customer data easier

Japanese banks face various restrictions in investing in fintech companies.

TOKYO -- Japan plans to relax investment rules to make it easier for banks to take stakes in fintech firms, hoping to spur the lending sector to drop its outdated business model and embrace new technologies crucial to future growth.

While top IT companies at home and abroad, such as Amazon.com, make inroads into financial services, Japanese banks face various restrictions in offerings noncore services. 

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