Japan megabanks slash new-graduate hiring by 30%

As their businesses diversify, bosses want bankers to think like startup founders

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Fresh graduates preparing to join SMBC gather at one of the bank's events in Tokyo. (Photo by Karina Noka)

JUN WATANABE, Nikkei staff writer

TOKYO -- Japan's top banks, once known for hiring thousands of new university graduates every spring to fill their ranks, are sharply cutting back this practice as their need for raw staffing power declines.

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