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New college recruits gather for an orientation session at Sumitomo Mitsui Banking's Tokyo headquarters in 2016. (Photo by Yuichiro Takagi)
The Big Story

Shrinking to survive: Japan's banks face a quiet crisis

Thousands of positions at risk as online upstarts threaten bloated megabanks

MITSURU OBE, Nikkei staff writer | China

TOKYO -- "Welcome to our bank!" chime the three uniformed clerks as customers enter Mizuho Bank's branch in Tokyo's Tanashi neighborhood.

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