Japan banking giants wooing overseas borrowers


TOKYO: Japan's banking titans are hiring Spanish-speaking bankers to win new business in Latin America and handing out loans to junk-grade borrowers in the United States as they probe deeper overseas to fight meagre returns at home.

Lenders such as Sumitomo Mitsui Financial Group Inc (SMFG) have ramped up overseas lending since the eurozone debt crisis sent European rivals packing.

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