Japanese banks fill gap left by European, U.S. lenders

04/22/2008 | Wall Street Journal, The

While many European and U.S. banks have tightened up their lending standards, Japan's large banks have quietly expanded their global lending business. Big Japanese banks, including Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group, have weathered the subprime meltdown relatively well because of their conservative styles resulting from their own loan fiasco in the 1990s.

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