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Japan-Update

MUFG leads Japan megabanks' charge into SE Asia

Focus shifts to non-Japanese businesses, consumers

Japan's megabanks -- Bank of Tokyo-Mitsubishi UFJ, left, Mizuho Bank and Sumitomo Mitsui Banking Corporation -- are charging into Southeast Asia in pursuit of more customers and new services.

TOKYO -- Japan's three megabank groups are strengthening ties with Southeast Asian banks in an effort to broaden their customer base and expand the types of services offered.

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