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Protectionist trend a 'negative sign': Nobel laureate Yunus

Peace Prize winner urges 'redesign' of financial system to spread the wealth

Muhammad Yunus speaks at a forum in Tokyo on Feb. 21.

TOKYO -- Muhammad Yunus, founder of Bangladeshi microfinance organization Grameen Bank and winner of the Nobel Peace Prize, says the global trend toward protectionism is among the "negative signs" he sees worldwide and that changing the financial system is key to addressing the frustration driving that trend.

Yunus spoke with the Nikkei Asian Review and other media organizations in Tokyo on Tuesday on the sidelines of the Social Business Japan Forum, where he gave a keynote address and had a discussion with Japanese social entrepreneurs.

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