Mitsubishi UFJ Financial Group Inc.: The nation biggest lender said depreciation could weaken the finances of borrowers, according to The Japan Times. Overdue loans from the region at Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. increased 54 percent in the year ended March 31. Mitsubishi UFJ Financial Group Inc. assets in Asia excluding Japan made up 9.3 percent of the total as of March 31, the most in at least 10 years, according to its annual report filed in July. We have seen nonperforming loans go up in the past three quarters, said David Threadgold, a Tokyo-based analyst at Keefe, Bruyette & Woods, a boutique investment bank. Japanese banks, which focused on expanding in emerging Asian nations as yields fell to record lows at home, are now exposed to some of the world worst-performing currencies. It reasonable to think we could go through another round of that.
(news.financializer.com). As
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