Japanese banks less reluctant to finance hostile takeovers, lobby chief says

Japanese banks less reluctant to finance hostile takeovers, lobby chief says

High-rise buildings are seen at the Shinjuku business district during sunset in Tokyo, Japan, March 7, 2017. Picture taken March 7, 2017. REUTERS/Toru Hanai/File Photo

Japanese banks have become less reluctant to finance hostile acquisitions because the government’s new takeover guidelines have shaken off the taboo on such deals, Japan’s new banking lobby chief said.

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