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Japan Post Bank seeking approval to lend to retail customers
March 31, 2017 / 6:28 AM / 8 months ago

Japan Post Bank seeking approval to lend to retail customers

TOKYO, March 31 (Reuters) - Japan Post Bank Co said on Friday it was seeking regulatory approval to make loans to retail customers.

Unlike most commercial lenders that make money off loans, Japan Post Bank is the nation’s biggest deposit taker and relies in large part on investment returns from its portfolio of Japanese government bonds. (Reporting by Taiga Uranaka; Editing by Chris Gallagher)

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